After 27 years with Mortgage Intelligence, Sally Laker has announced plans to retire in 2024, handing over to John Cupis of Dynamo, who will take over as managing director at the start of January 2024.

With her exact retirement date yet to be finalised, Laker will be supporting Cupis and the team as director throughout this transition.

Laker joined Mortgage Intelligence in 1996 as a start up with just five people, she became director in six months and progressed to managing director within her first year.

Last year, Mortgage Intelligence delivered £18bn in mortgages, driving £3.3m in profit.

Commenting on her time with the business, Laker said, “I’m incredibly proud of my work with Mortgage Intelligence, female MDs in those days were few, in fact in the industry there were very few women in general, which at least meant everyone knew who I was.”

She added: “I have had an amazing time leading a business that has grown to be one of the leading mortgage networks and clubs in the UK.  I have a very strong team to take the business to the next level and feel this is the right time for me to begin to step back.”

Upon becoming MD, Cupis will look after both Dynamo and Mortgage Intelligence and the two will remain separate entities.

Commenting on the upcoming changes Connells Group Lender Services managing director Adrian Scott said: “Sally has been, and will remain, a huge part of Mortgage Intelligence. Growing the business both organically, and by acquisition, her strategic vision has built a resilient, high-quality business comprising of three mortgage networks and a well-established mortgage club, Next Intelligence.

“A well-respected leader and valued colleague Sally leaves a great legacy in the incredibly capable hands of John Cupis”.