Boss of large London landlord to step down after 16 years

Ms Nanda said: “When you have the privilege to lead an incredible organisation like MTVH for 16 years it can be hard to find the right moment to step away, but I know this is the right time for several reasons.

“First, we have bounced back from the pandemic, with an improved credit outlook, the ability to deliver more opportunities for our residents, and the strongest governance rating.

“Second, there is a real continuity, strength and depth in our chair, board and senior team, colleagues, and involved customers who will carry on MTVH’s mission to give everyone a decent home and the chance to live well.

“Finally, this is also the right time for me personally as my mum turns 91 this year and I want to spend more time caring for her.”

Althea Efunshile, chair of MTVH, said: “The board and I would like to thank Geeta for her huge contribution both to MTVH and the housing sector in the UK.”

In December, the G15 landlord forecasted that its annual completions will be up by around a quarter on last year’s total, helped by a major regeneration scheme in south London.

Ms Efunshile also praised Ms Nanda for leaving MTVH “in great shape”, with its G1/V2 ratings from the English regulator and a recently improved credit outlook from Standard & Poor’s.

She added: “We are now focused on the appointment of a new chief executive who will continue this track record of success while maintaining MTVH’s values as a social purpose organisation which was established to house Windrush migrants and exists to ‘serve people better every day’.”