HEY1 Heylo. 28

TIDMHEY1

RNS Number : 1212M

Heylo Housing Secured Bond PLC

12 September 2019

HEYLO HOUSING APPOINTS ANDREW GÉCZY AS CHIEF EXECUTIVE OFFICER

Heylo housing, the owner of Home Reach, a leading provider of part-buy part-rent homes across the UK, announces today the appointment of Andrew Géczy as CEO, effective Thursday 12 September 2019. Andrew takes over the role from Nicholas McAlpine-Lee, who steps down after five years as CEO.

Andrew has more than 30 years' experience in a range of leadership roles working across finance, infrastructure, renewables and property sectors.

He was recently CEO of Terra Firma Capital Partners. Prior to that, Andrew was CEO of International and Institutional Banking at Australia and New Zealand Banking Group (ANZ) and previously Group Executive Director and CEO of Wholesale Banking & Markets at Lloyds Banking Group. Andrew spent 14 years at Citigroup in a variety of roles, including Global Head of Structured Corporate Finance.

Heylo housing has grown significantly in the last five years to become the largest UK provider of shared ownership homes, with more than 4,000 homes. This year it has strengthened the Board with the appointments in April 2019 of Grenville Turner as Chairman and Nick Jopling as Non-Executive Director who bring expertise from their work across the financial, housing and policy sectors.

Heylo housing Chairman Grenville Turner said: "We are delighted to welcome Andrew to Heylo as we look forward to our next phase of growth. Andrew has experience across a wide range of businesses, which will complement the existing sector knowledge and experience in our management and on the Board. We would like to thank Nicholas for his tireless work in the Company over the last five years, during which time Heylo housing has become the UK's largest provider of shared ownership homes. We wish Nicholas well in his future endeavours."

Andrew Géczy, CEO, said: "Heylo is a great business which is already making homes more affordable for many. There is a chronic shortage of homes in the UK, and Heylo is working with builders of all sizes across the country, and with the Government - who acknowledge the crisis - to help provide more affordable homes. I look forward to joining the Heylo team to help with the delivery of that."

About Heylo housing:

At a time when Government has signalled that Shared Ownership is the solution to the UK housing shortages, Heylo housing is the leading provider in the sector working with Government and top 20 Housebuilders to deliver more than 4,000 homes this year across 320 Local Authorities.

Heylo aspires to more than double this delivery in the coming year.

Shared Ownership provides long term affordable homes for purchase. In order to fund this, Heylo has captured the interest and investment of several leading pension funds who are attracted by long term Index linked returns.

Heylo works alongside housebuilders providing them with access to the millions of under 35's who wish the put a foot on the first rung of the housing ladder with the purchase of a new home.

Heylo's registered provider is regulated by The Regulator of Social Housing and applies market leading Governance and processes which result in our Tenant Owners being treated fairly. New Government proposals already form part of our existing business practice.

Enquiries:

Brunswick Group LLP

020 7404 5959

Andrew Porter

Nina Coad

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September 12, 2019 05:03 ET (09:03 GMT)

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