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New chief executive appointed for social housing bond aggregator
A publicly listed finance vehicle for housing associations has announced its next chief executive.
Andrew Morton will replace Patrick Symington as boss of MORhomes in May, when Mr Symington retires.
Mr Morton is currently deputy chief executive of the organisation.
He is a chartered accountant with banking experience at Barclays as well as a variety of other commercial and non-executive roles.
Mr Symington has been the chief executive of MORhomes since its formation in 2018 and is now retiring from executive roles.
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Neil Hadden, chair of MORhomes and former chief executive of Genesis Housing Association, said: “We are very pleased to be able to confirm the seamless transition of the chief executive role on Patrick’s retirement.
“Andrew has had the benefit of deputising in the role for the past three years and the board is fortunate in having an excellent ready-made successor who will continue to implement its strategy.
“Patrick has led the company since its start and has helped to establish MORhomes as a new and well-respected lender to the housing association sector. On behalf of the board, I would like to thank Patrick for all his hard work over the past five years and wish him well for the future.
“We look forward to Andrew continuing the strong leadership of the organisation.”
MORhomes is a borrowing vehicle for the UK social housing sector, which is constituted as a PLC and has shares owned by 66 not-for-profit UK housing associations.
It raises finance on the bond markets and lends it to housing associations, which must be shareholders.
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