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CML director general to step down

The Council of Mortgage Lenders (CML) has announced that its director general, Michael Coogan, will be stepping down in August.

Having held the post since 1996, Mr Coogan is looking for a fresh professional challenge given that the CML has been “successfully navigated” through the post-credit crunch period.

Commenting on the decision, CML chairman and managing director of Lloyds Banking Group Mortgages, Colin Walsh, says: “On behalf of the UK’s mortgage lenders, we thank Michael for what has been an outstanding contribution to the mortgage lending industry over many years, and especially over the turbulent period of the credit crunch and its aftermath.”

A search for Mr Coogan’s successor is already underway.

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