He will serve on the audit, remuneration, nomination, and risk and compliance committees.
Stephen – who will commence his new role on 24th January 2018 – started working at Legal and General (L&G) Group in 1994 and retired at the end of 2017.
His most recent role at L&G was housing director, where he was responsible for digital projects in the mortgage and housing space, along with L&G’s strategy in the insurance markets.
Stephen was also previously responsible for the L&G Mortgage Club, L&G Surveying Services and L&G Estate Agency Operations.
He spent 14 years on the Association of Mortgage Intermediaries (AMI) board, and several years as deputy chairman and member of the Bank of England’s residential property forum.
Stephen’s appointment follows the announcement of Richard Verdin’s retirement as independent non-executive director of the group and member of the audit, remuneration, nomination, and risk and compliance committees with effect from 16th May 2018.
Following Richard’s retirement, Stephen will chair the risk and compliance committee.
Peter Brodnicki, chief executive officer of the MAB, said: “I have known Stephen for many years and have always respected him greatly.
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“He is a superb addition to the MAB board, and the knowledge and experience he brings will be of great value as MAB looks to lead the way in digitally enabling intermediary distribution, by embracing technology and working closely with lenders and insurers to deliver the best possible customer experience.
“I would like to take this opportunity to thank Richard for his superb contribution since IPO.
“It's been an absolute pleasure working with him."
Katherine Innes Ker, chairman of MAB, added: “I am delighted to welcome Stephen to the board.
“Stephen has a wealth of experience in the mortgage and insurance markets.
“Stephen's appointment brings excellent insight to the board and supports the strategic direction of the group.
“On behalf of the board, I would also like to thank Richard Verdin for the contribution he has made since joining the board at the time of MAB's IPO in November 2014.
“Richard has been a valued member of the board and the audit, remuneration, nomination, and risk and compliance committees.
“His experience and insight has been invaluable in the development of MAB and its customer-centric approach and we wish him well as he continues to pursue his executive career.”
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