ULS Technology PLC New Managing Director appointment at Legal Eye
August 11 2016 - 2:01AM
RNS Non-Regulatory
TIDMULS
ULS Technology PLC
11 August 2016
ULS Technology plc
("ULS" the "Group" or the "Company")
New Managing Director appointment at Legal Eye
ULS Technology plc (AIM:ULS), the provider of online B2B
platforms for the UK conveyancing and financial intermediary
markets, announces it has appointed Paul Saunders as Managing
Director of its wholly owned compliance subsidiary, Legal-Eye
Limited ("Legal Eye").
Paul is a qualified legal professional who has a strong
reputation across the industry and a clear track record of
delivering business growth. He has a wealth of industry experience
and will help develop Legal Eye's presence with a view to further
strengthening quality and risk management as a central element of
ULS's eConveyancing value proposition. Paul will leave his current
role as Partner at law firm, Shakespeare Martineau LLP, where he is
currently a Member of the Real Estate Property Group Board with
primary responsibility for residential conveyancing and remortgage
work. Paul will join the Legal Eye team on or before the 7th of
November 2016.
ULS acquired Legal Eye in 2015 to help the Company grow its
share of conveyancing work with mortgage lenders and to provide
compliance and governance oversight of the Company's partner
conveyancing firms. As a result, ULS is winning new conveyancing
agreements with lenders and is benefiting from a clear competitive
advantage in this sector, where lenders are now required to hold an
increased level of knowledge about their third party relationships,
under the Financial Conduct Authority's regulatory regime and its
general outsourcing requirements rules.
Jaunita Gobby will step down from her current role in the first
half of 2017, once a successful handover has been completed.
Commenting on the new appointment, Ben Thompson, CEO of ULS
Technology said; "We are excited about this new appointment and
what it means for Legal Eye and its team and very much look forward
to now investing towards a new growth strategy. Paul brings with
him a unique set of skills combining relevant and qualified legal
and compliance experience, entrepreneurial flair and a clear track
record of business growth. This is a perfect fit for Legal Eye and
the plans we hold at ULS. We look forward to welcoming Paul into
the Group at the end of October."
Incoming Managing Director, Paul Saunders, said; "There is clear
and sizeable upside for Legal Eye as a business in a market where
there is an ever increasing focus on quality, legal compliance and
heightened levels of governance. Legal Eye is perfectly positioned
to help law firms to operate cost effectively to the various
standards required and I really look forward to spreading the word
about how Legal Eye can help law firms, and growing the number of
firms that Legal Eye helps. I also look forward to working closely
with ULS to make further gains in its share of lender conveyancing,
which is already gathering some momentum."
Enquiries:
ULS Technology plc Tel: 01844 262392
Peter Opperman, Chairman
Ben Thompson, CEO
John Williams, Finance Director
Numis Securities Limited Tel: 0207 260 1000
(Nomad & Broker)
Stuart Skinner / Paul Gillam,
Corporate Advisory
Michael Burke, Corporate
Broking
Walbrook PR Limited ulsgroup@walbrookpr.com
Paul Cornelius or Tel: 020 7933 8780
Nick Rome
Helen Cresswell
This information is provided by RNS
The company news service from the London Stock Exchange
END
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