Legal & General’s affordable homes arm has appointed Chris Hewitt as financial director.
Hewitt has extensive experience in asset management, investments and structured finance, having previously held roles as chief financial officer at Heylo Housing, as well as Target Fund Managers and Bank of Scotland. He will work as a key business partner to L&G Affordable Homes chief executive Ben Denton.
Since launching the business three years ago, LGAH has grown to a team of more than 100 professionals, spanning, development, operations, finance and investment. Hewitt has been brought in to lead the next stage of growth, including the development of its corporate structure. LGAH now has 7,000 flats in its development programme across the country.
Denton said Hewitt’s appointment would “support the continued growth of the business and demonstrates our commitment to deploying institutional capital at scale into this sector, to deliver the volumes of affordable housing which society desperately needs”.
Hewitt added: “Institutional capital has a major role to play in delivering the volumes of affordable housing society needs and there are tremendous opportunities for LGAH to scale in the years ahead.”
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