THFC appoints senior housing banker to support continued growth
The Housing Finance Corporation (THFC) announced today the appointment of Arun Poobalasingam as Head of Relationship Management and Business Development.
Arun’s position is a new role, reflecting the growth of THFC and commitment to increasing the strength and depth of its experienced, client-facing team, which serves over 160 housing associations across England, Scotland and Wales.
Arun’s appointment also reflects the importance of product innovation in the capital markets and plans to further develop the organisation’s environmental, social and governance (ESG) activity. Last month the group announced its new Social Bond Framework and plans to convert £1bn of bLEND issuance to social bonds, along with the intention to set up a Sustainable Bond Framework.
Arun brings a wealth of experience in the housing association sector, having spent the last five years as Head of Social Housing at HSBC, where he grew their proposition and developed a number of important HA relationships from scratch. He has also worked across real estate at HSBC, and before this in the infrastructure sector for Network Rail.
He commented: “I am delighted to be joining the team at THFC. I am truly passionate about providing good quality, sustainable housing in the UK and am delighted to have the opportunity to focus on and continue to help the sector achieve those objectives in this new role“
THFC is the UK’s leading affordable housing aggregator, with £7.5bn of lending to housing associations. The organisation was set up as a not-for-profit by the sector over 30 years ago, with the creation of bLEND marking its commitment to providing choice and flexibility for customers. bLEND has grown rapidly to provide £1bn of low cost borrowing to housing providers in the last three years.
Piers Williamson, Chief Executive of THFC, said: “It’s fantastic that we have been able to attract Arun to join our team at such an important juncture.
“As the largest mutual lender to housing associations and being there for the long term, it’s important that we can attract both proven expertise to the team, but also senior team members who identify with the sector and can further develop thought leadership as well.”
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