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Lloyds BankingAnnouncement

22/10/2024 08:15

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RNS Number : 0144J  Housing Finance Corporation Ld  22 October 2024

22 October 2024

 

THFC strengthens leadership team with two major hires

The appointments align with THFC's new strategic focus, to unlock innovative
private capital and foster new partnerships

The Housing Finance Corporation (THFC) has today announced the appointment of
two new members to its senior leadership team, marking the next phase of
growth in its corporate strategy.

Ben Rick has been appointed as Chief Finance Officer (CFO) while Martin Fent
will take on the role of Chief Risk and Operations Officer (CROO). Both will
be key members of THFC's senior leadership team and will report into CEO Priya
Nair.

Ben will be responsible for THFC's Finance, Treasury and Sustainability
activities. He is currently Senior Adviser to Lloyds Bank, focused on its
cross-group housing strategy and increasing lending to SME providers of social
and supported housing.

Prior to that, Ben co-founded Social and Sustainable Capital (SASC) where he
remains a non-executive board member. SASC is one of the UK's leading social
investment fund managers and works primarily in social and supported housing.
He previously held senior roles at several investment banks and hedge funds,
including Bank of America and UBS.

Martin is currently Chief Risk Officer at Cynergy Bank. Prior to that, he
spent 15 years at NatWest Group, most recently as Chief Risk Officer for RBS
International. Martin previously held several risk management roles spanning
credit risk, conduct risk, portfolio management and restructuring.

In the newly created role, Martin will be responsible for THFC's Risk
Management, Operations, Governance, Compliance and Company Secretariat.

THFC recently launched its new strategy, centred on exploring innovative
finance solutions to bolster the affordable housing sector. Broadening the
product offering and adding value through new partnerships will be a key
focus. As such, a partnership with the newly launched National Wealth Fund
(NWF) has been agreed in principle and should be announced shortly.
Additionally, the recent acquisition of Hargreaves Risk and Strategy will
expand on existing capabilities. The appointments announced today will support
further progress, building on THFC's legacy as it moves into its next
strategic phase.

Priya Nair, CEO at THFC, said "Ben and Martin bring a wealth of knowledge and
expertise and will be instrumental in implementing THFC's vision and strategy.
THFC is committed to its core business of providing finance to housing
associations. Our evolved mission will see us build on our heritage by
utilising our skills and expertise in complementary and socially impactful
ways."

George Blunden, Chair of THFC, said "Ben and Martin will be key members of
THFC's senior leadership team and the board as we embark on the next phase of
our corporate strategy, centred on growth and delivering new innovative
financial solutions for the UK's affordable housing sector."

Commenting on his appointment Ben said: "We're at a pivotal point for the
housing sector, where funding and sustainability are front and centre of every
conversation. I'm delighted to be joining THFC, and a team that will unlock
new funding and partnership opportunities to drive growth and innovation."

Martin adds: "THFC has a long-standing heritage in delivering for the UK
housing sector. I'm excited to join the team and play my part in supporting
the business, enhancing its operational effectiveness and the sector's
sustainable growth ambitions."

Ben will start at THFC on 4 November, while Martin will commence his role in
January 2025. Both appointees will become members of THFC's board of
directors.

---ENDS---

Notes to editors:

THFC has been the UK's leading affordable housing aggregator for more than
three decades, providing innovative funding solutions for over 150 housing
associations across all four nations of the UK. THFC has amassed a near £8bn
loan book to date and continues to expand its range of financial products to
serve the needs of the social housing sector. THFC has made significant
contributions toward solving the UK's affordable housing crisis, having funded
32,000+ homes under Affordable Housing Finance Plc, which oversaw the
government's initial Affordable Housing Guarantee Scheme. The aggregator
launched bLEND Funding in 2018 and unveiled THFC Sustainable Finance (TSF), a
sustainable finance vehicle, in 2023.

For investor inquiries:

Will Stevenson, Group Treasurer at THFC - Will.Stevenson@thfcorp.com
(mailto:Will.Stevenson@thfcorp.com)

 

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