Peabody appoints Southern Housing director as group treasurer

A former financier, Mr Kazi helped set up the government’s Affordable Housing Guarantee Scheme, which offers loans of up to 30 years to registered providers to build homes.

He will work alongside Phil Day, the new chief financial officer at Peabody, when Mr Day starts at the organisation in September.

Mr Kazi said: “The current economic climate means it’s more important than ever that we keep a strong balance sheet to deliver benefits for residents now and in the future.

“We need to carefully manage financial risk so we can continue to invest in our homes and communities and help people flourish.”

Peabody, which has more than 104,000 homes, recently announced a £1bn Euro Medium-Term Note bond programme.

The landlord said the programme, established in March, will enable it to access more funding. It followed a £350m debut sustainability bond issued in 2022.

Peabody has said it plans to spend £2bn over the next five years maintaining and improving existing homes.

Similar to its peers, Peabody has been affected by the tough economic climate. In its last half year, the landlord reported that its surplus had nearly halved to £41m. 

A2Dominion has also been on a recruitment spree of late and it continued this week with two more directors as it looks to overcome governance issues.

The 38,000-home landlord, which is currently non-compliant with the English regulator’s governance standards, has appointed a director of building safety and an asset director. Both are newly created roles.