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Housing association Hyde has appointed a former real estate banker with experience in impact investing as its new chief executive.

Andy Hulme joins Hyde as CEO

Andy Hulme joins Hyde as CEO


Hyde has appointed a former real estate banker with experience in impact investing as its new chief executive #UKhousing #SocialHousingFinance

The London-based housing association, which has signed a number of innovative finance and partnership deals in recent years, announced that Andy Hulme will be taking over the top spot from interim boss Neal Ackcral.

Mr Hulme is currently global managing director of real estate and housing at Lloyds Banking Group. He becomes the permanent replacement for former chief executive Peter Denton, who left earlier this year to become chief executive of Homes England.

Mr Ackcral will remain as interim chief executive until Mr Hulme takes up his post in early 2022 and then revert to his previous role as chief property officer.

Mr Hulme said: “I’m humbled to be asked to serve as Hyde’s CEO and can’t wait to embrace the opportunity to help the Hyde team deliver its social purpose, with a particular focus on our customers.

“Providing safe and secure homes to those who wouldn’t otherwise have one is a cause very close to my heart.”

Mr Hulme is also on the board of Housing Growth Partnership, a social impact investor backed by Lloyds and Homes England, and he has held roles at Lloyds Tesco Bank and the Royal Bank of Scotland Group.

Mike Kirk, chair of the Hyde Group, said: “I’m delighted Andy is joining us at what is a really exciting time for Hyde.

“His extensive experience in delivering products, propositions and transformative change across multiple brands and channels, coupled with his deep understanding of the housing market, will help accelerate the delivery of our ambitious strategy to become a truly customer-driven organisation.”

Hyde, which manages around 50,000 homes across England, signed an agreement with M&G Investments in March 2021, with plans to build up to 2,000 shared ownership homes that Hyde will manage on behalf of M&G’s for-profit registered provider.

“These types of partnerships with institutional investors will be vital, if we’re to overcome the multiple funding challenges we face,” Mr Hulme added. “I’m looking forward to helping Hyde find new sources of funding, so we have the money to keep developing at the same rate, while ensuring homes are safe, decent and sustainable.”

Homes England named Hyde as one of its strategic partners earlier this year and allocated it the largest amount of funding at £250m, with a pledge to start 3,000 homes by March 2022.


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