• About
    • About Us
    • A History of THFC
    • The Board and Staff
    • Our Structure & Governance
    • News & Press
    • FAQs
  • For Borrowers
    • Why borrow from THFC?
    • Our Borrowers
    • ESG and Sustainable Investment
    • Retrofit Funding Scheme
  • For Investors
    • Overview
    • Sustainable Bond Framework
    • Key Information
    • Financial Statements
    • Investor Presentations
    • Credit Opinion
  • THFC Insights
  • Contact Us
  • About
    • About Us
    • A History of THFC
    • The Board and Staff
    • Our Structure & Governance
    • News & Press
    • FAQs
  • For Borrowers
    • Why borrow from THFC?
    • Our Borrowers
    • ESG and Sustainable Investment
    • Retrofit Funding Scheme
  • For Investors
    • Overview
    • Sustainable Bond Framework
    • Key Information
    • Financial Statements
    • Investor Presentations
    • Credit Opinion
  • THFC Insights
  • Contact Us
A blog image thumbnail.

THFC appoints two new Executive board members and new Group Treasurer

The Housing Finance Corporation Limited (THFC) has today announced the internal appointments of two new Executive board members, alongside the internal appointment of a new Group Treasurer.

THFC is pleased to announce the appointment of Arun Poobalasingam and David Stokes as Executive Directors to the board, effective 28 July 2023. As of today, 1 August 2023, Arun has taken on a new role as Funding and Marketing Director, having joined THFC in 2021 after several years at HSBC. David has successfully served as THFC’s Credit and Risk Director since 2012 and remains in this role.

THFC is also pleased to appoint Will Stevenson as its new Group Treasurer, as of today, 1 August 2023. Will will have day-to-day responsibility for fund raising, as well as managing relationships with THFC’s investors.

The additions of Arun and David to the board and Will as Group Treasurer follow the stepping down of Fenella Edge from the board of directors and as THFC’s Group Treasurer. In keeping with THFC’s longstanding succession plan, Arun replaces Fenella’s board capacity and Will takes over her organisational duties as Group Treasurer.

Fenella Edge has announced her retirement after a long and impactful career in the social housing sector, having spent the last 20 years at THFC. Fenella helped lead THFC through significant change and growth throughout her two decades at the organisation. Her accomplishments include fostering a relationship with the European Investment Bank, resulting in c.£2.5billion of long-term funding at below market rates, issuing over £4.8billion of bonds in the sterling capital markets and managing the delivery of over £3.2billion of long-term funding at record low rates through the Affordable Housing Guarantee Scheme. Fenella will be greatly missed and everyone at THFC wishes her the very best in her next chapter.

Piers Williamson, Chief Executive of THFC, said: “It is with mixed feelings that I say goodbye to Fenella after working together so successfully for 20 years. Together, we have put in place a very strong business model – the most successful debt aggregator in the market, and it is time to take that model to the next level.  This model reflects both our whole team expertise, the very long-term trusted relationships we have with our clients, and their changing needs in the years to come. Arun, David and Will each share our vision, passion and skill to carry the business forward.”

Fenella Edge, former Group Treasurer at THFC, said: “It has been an absolute privilege to be involved with the social housing sector through THFC for so many years. We are so rooted in the sector and our values run parallel with those of our customers. We are so much more than just a provider of finance to our RP customers – we are a cheerleader, a supporter, a partner and an advocate.”

Notes to Editors

About THFC: The Housing Finance Corporation (THFC) is the UK’s leading affordable housing aggregator, with over £8bn of lending to around 160 housing associations in England, Wales, Northern Ireland and Scotland. THFC was set up in 1987 in partnership with the National Housing Federation and what was the Housing Corporation. It now also operates through its subsidiary company, bLEND, which was established in 2018. As a not-for-profit, the group’s surpluses are retained and reinvested to ensure THFC can continue to provide competitively priced funding for HAs long into the future. THFC’s track record of innovation includes some of the earliest green finance products for retrofit and sustainable developments.

For further information contact:

Arun Poobalasingam, Funding and Marketing Director –   – arun.poobalasingam@thfcorp.com

Danielle Hughes, ESG Strategy and Communications Manager – Danielle.Hughes@thfcorp.com

  • About Us
  • For Borrowers
  • For Investors
  • FAQs
  • Contact
  • Terms and Conditions
  • Modern Slavery Policy
  • Privacy Policy
  • Cookie Policy
  • Sitemap
Designed By Red 13
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT