Equity Release Council appoints head of risk, policy and compliance

The Equity Release Council has appointed Tracy Gorbutt-Powell as its new head of risk, policy and compliance.

Tracy will report to deputy chief executive and director of risk, policy and compliance, Kelly Melville-Kelly, and will work closely with Laura Gibson, head of membership and engagement, and Tom Brett, head of commercial and business development.

The Council says Tracy's appointment strengthens its governance, oversight and policy capabilities at a pivotal time, as it expands its remit across the later life lending market. 

Tracy brings over 20 years of experience in financial services, with a career spanning banking and broker networks in mortgages and protection. Her previous roles include positions at RBS Group, including NatWest, HSBC, and Lloyds, before moving into the intermediary sector with broker networks such as Mortgage Advice Bureau and HLPartnership. 

The appointment follows the Council’s recent restructure and the broadening of its remit to cover all forms of regulated later life lending. 

Jim Boyd, chief executive of the Equity Release Council, said: “Tracy’s extensive experience across lender and intermediary markets, combined with her compliance expertise, will strengthen our governance and support the next phase of our growth. Tracy’s appointment ensures we continue to uphold the high standards and protections that define our market.” 

Kelly Melville-Kelly, deputy chief executive, commented: “Tracy brings a wealth of knowledge across risk, policy and compliance, alongside a clear commitment to positive customer outcomes. As we expand our remit across later life lending, her expertise will be key navigating an increasingly complex regulatory landscape while maintaining the standards our members and consumers expect.” 

Tracy Gorbutt-Powell added: “The later life lending market is evolving rapidly, and strong governance and clear standards are vital to its sustainable growth. I look forward to working with the team and our members to support positive outcomes for consumers and ensure the market continues to develop responsibly.”