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Article: Square Mile bosses sign up for three years.
- Article from:
- Mortgage Strategy
- Article date:
- February 26, 2007
CopyrightCOPYRIGHT 2007 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The directors of Square Mile Mortgage Finance have been locked into three-year contracts as part of their agreement to sell the firm to Cobalt Capital last week.
Cobalt dug into its #5m fighting fund to buy a 100% stake in its appointed representative.
The deal will see Square Mile, three-time winner of Mortgage Strategy's small broker of the year award, retain its brand and there will be no change in its everyday running. Director Steve Smith and managing director Andy Wilgoss will be locked into three-year contracts with Cobalt. Both men stress they are committed for the long term and will work to make Square Mile a successful part of Cobalt. ...