• Thu. Apr 18th, 2024

Purplebricks commits to ‘more sturdy compliance’ despite key departure

Bynewsmagzines

Feb 3, 2023
Purplebricks commits to ‘more robust compliance’ despite key departure

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Purplebricks has commented on the surprise departure of Helen Martin, director of threat and compliance, who left the on-line estate agency yesterday.

EYE broke the news past night time that Martin, who joined Purplebricks from LSL in August 2022, has returned to her former business.

Her appointment last year followed a fairly tempestuous time period for the on the internet estate company, brought about in portion by a collection of regulatory failings.

EYE discovered in November 2021 that Purplebricks experienced failed to thoroughly serve legally necessary files to tenants outlining their deposits have been place into a nationwide safety plan.

Purplebricks, which approved that problems past calendar year ended up “challenging”, is at the moment staying investigated by Propertymark for likely tenancy legislation breaches.

Martin, who was liable for oversight of chance management and compliance, as well as even further strengthening the processes and techniques in location across the group, confirmed her departure from Purplebricks past evening.

Dominique Highfield, Purplebricks CFO, explained to EYE: “Helen has played an significant job together with our danger, authorized and finance groups as we build a new, additional sturdy compliance infrastructure and society.

“Having supported the transition to Lifetime Legal for consumer owing diligence checks Helen has made the decision the time is now ideal to go after other opportunities. She leaves with our very best wishes.”

 

EYE NEWSFLASH: Purplebricks director of risk and compliance leaves soon after just 6 months in article

 

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