New executive board members and treasurer appointed at The Housing Finance Corporation

New executive board members and treasurer appointed at The Housing Finance Corporation

The Housing Finance Corporation Limited (THFC) has announced the internal appointments of two new executive board members, alongside the internal appointment of a new group treasurer.

THFC is an affordable housing aggregator, with over £8 billion of lending to around 160 housing associations in England, Wales, Northern Ireland and Scotland.

Arun Poobalasingam has taken on a new role as funding and marketing director, having joined THFC in 2021 after several years at HSBC. David Stokes has successfully served as THFC’s credit & risk director since 2012.

Will Stevenson has been appointed as new group treasurer. 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.

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.”

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