IF combines sales and marketing positions after chief steps down

Halifax’s Internet and telephone bank, Intelligent Finance (IF), has promoted its sales director Ian Jeffery to the newly created position of sales and marketing director, following the retirement of marketing director Angela McIntosh.

The move follows the company’s decision to merge its sales and marketing roles. Jeffery will assume the role when McIntosh retires at the end of the month, and will lead a team of 60 people. He will report to IF chief executive Jim Spowart.

McIntosh, who was part of IF’s original senior management team and helped launch the bank in February 2000, will remain with the company in a consultancy role until the end of the year. She will be responsible for the bank’s sponsorship projects.

IF offers savings, mortgages, current accounts, credit cards and personal loan products. In the six months to June 30, the bank opened 40,000 current accounts, with an average balance of &£4,000. It claims to have opened more than 500,000 accounts since IF launched, and total account balances exceed &£12bn. The bank also claims to own 10.4 per cent of the UK net mortgage market, with an average balance of &£111,000, compared with the industry average of &£82,000.

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