Simon Thompson (Group CEO of Key Group) and Scott Robertson (Standard Life Home Finance board member) joined Kay Westgarth (Head of Sales - Standard Life Home Finance) and Steve Dodd (Director of Operations - Standard Life Home Finance) in welcoming David as they opened Arkwright House. Lorraine Cox (Member Relationship Manager at the Equity Release Council) also attended.
This new office which can house 200 colleagues is a big investment for the Group and highlights the significant growth potential for the lender. This takes the number of colleagues based in Key Group’s Preston head office over 500 and means that the entire Midgery Court site is now occupied by this rapidly growing financial services brand.
Scott Robertson, Standard Life Home Finance board member, said: “Having launched Standard Life Home Finance as part of a strategic partnership between Phoenix Group and Key Group at the end of 2021, we are delighted to be in a position to open the new offices in Arkwright House. With space for over 200 colleagues, we’ve got plenty of room to grow as we look to build our profile as one of the leading lenders in this market.”
Simon Thompson, Group CEO of Key Group, said: “Key Group now occupies the entire Midgery Court site and with plans to recruit more than 50 people before the end of May, we needed the space to facilitate this rapid expansion. In the highly competitive later life lending market, the Group is going from strength to strength so we are delighted to open Arkwright House which will serve as the hub for Standard Life Home Finance. We look forward to supporting the team as they look to build their position in the market.
David Burrowes, Chairman of the Equity Release Council, said: “The Equity Release market lent over £4.8 billion last year and the early signs are that the market will continue to prosper and grow in 2022. We welcome the work of organisations such as Standard Life Home Finance and Key Group who are focused on investing in the development of this market and providing opportunities for more people to benefit from using the equity tied up in their homes.”
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