Peabody appoints new chief investment officer

Not-for-profit housing association Peabody, based in London, has appointed Phil Jenkins as chief investment officer, effective April 1. 

He will lead a newly created investment directorate, which brings together the development and property services & assets teams.

Phil said: “I’m very much looking forward to leading this new directorate from April. 

“We’ll be working together to expand on what we’ve already achieved to deliver better homes and services for residents, as we continue to spend £1 million a day on maintaining and improving homes.  

“By bringing these services together, we’ll have a single and more integrated view of our existing homes and the ones we’re building now and in the future.”

This strategic move aligns with Peabody’s long-term vision to ensure its homes and neighbourhoods meet residents’ needs.

Peter Evans, the current executive director of property services & assets, will step back from full-time work and depart on May 31.

He will pass on his responsibilities to Phil, as part of the new directorate.

Ian McDermott, chief executive of Peabody, added: “Financial and organisational resilience are essential for us to deliver good services and homes for residents. 

“Bringing these services together is a key part of joining up our long-term investment in homes from the very start ensuring they meet residents’ needs throughout their lifetime.  

“I’d like to thank Peter for everything he’s done for residents over the past six years and wish him the best for the future.” 

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