THFC announces the appointment of two new board members
The Housing Finance Corporation announces the appointment of two new board members effective 17 March 2020.
THFC is pleased to announce that two new board members have been appointed effective 17 March, to replace Keith Exford and Deborah Shackleton who will step down at THFC’s next AGM having served their maximum permitted term. Tony King and David Montague join at a time of unprecedented challenge across the nation and we are delighted to welcome such experienced and trusted new members.
Tony King has nearly twenty years of experience in the housing sector, having recently retired as Group Treasurer at Sanctuary Group. He began his career in banking before joining Sanctuary, where he oversaw treasury and, using his expertise in finance, built up the Group’s loan book to fund new housing development and regeneration. Tony recently became a trustee of the Church of England Pension Board which manages a portfolio on behalf of clergy members.
David Montague CBE is the Chief Executive of L&Q, one of Britain’s largest housing associations and its biggest developing HA. He has been with L&Q for thirty-two years, in which time he has overseen the company’s growing financial strength and contributed significantly to its success through mergers, acquisitions, nine major regeneration schemes and development partnerships with smaller HAs. David has long been a leading figure in the sector, working with central and local government as well as serving as Chair of the G15 Group.
The Housing Finance Corporation is the leading aggregator in the affordable housing sector, a notfor-profit institution that issues bonds in the Sterling capital markets to on-lend to housing associations across the UK to provide long-term, low-cost finance and support the maintenance and building of quality and affordable homes.
Tony King said of his appointment: “Throughout my career I have focused on the financial health and stability of the housing associations I have been involved in, always mindful of our sector objective of providing quality and affordable housing for those in need. I believe that THFC plays a vital role in providing competitive funding for associations of all sizes, and I very much look forward to joining their board and contributing to this important work.”
David Montague said: “I have devoted my career to the not-for-profit housing sector and am personally committed to its mission, of which THFC is an integral part. I have always believed that a united team will deliver the best results, and I am delighted to be joining the THFC team and aiding their work in supporting the sector.”
THFC’s Chair, George Blunden, said of the announcement: “It’s fantastic that Tony and David have both agreed to join our board. They are both individuals steeped in the values of the sector and subject matter experts in financing and the capital markets. In such volatile times these appointments send a powerful message to investors and borrowers alike of our continuing commitment to all of our stakeholders. With Tony’s and David’s experience and knowledge, THFC will continue to thrive and provide long-term, low-cost finance to housing associations across the UK.”
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