LONDON - London & Quadrant Housing Trust (L&Q) has appointed Ed Farnsworth as its new Executive Group Director for Finance, effective from January 1, 2025. Farnsworth, who has been with the organization since 2005, will succeed Waqar Ahmed, following the latter's decision to step down announced in October.
Farnsworth's career at L&Q began as a graduate trainee, and he has since climbed the ranks to Deputy Group Finance Director in 2019. A qualified accountant, Farnsworth has dedicated his career to the social housing finance sector and has been actively involved with multiple organizations, including Barking Riverside Limited and the North London Muslim Housing Association.
In his upcoming role, Farnsworth aims to continue L&Q's commitment to investing in the safety, quality, and sustainability of housing while supporting vulnerable community groups and increasing the provision of affordable homes. His financial strategy is expected to be grounded in commercial discipline to bolster L&Q's social objectives.
Farnsworth expressed pride in his promotion within an organization that has significant community impact and highlighted his intent to maintain L&Q as a resident-led organization. Fiona Fletcher-Smith, L&Q Chief Executive, emphasized the importance of Farnsworth's role in the execution of the company's corporate strategy, which includes improving homes and services for residents and expanding the construction of new homes.
The selection process for the new Executive Group Director involved consultations with key stakeholders, including the Chair of L&Q's Resident Services Board and leaders of the company's internal diversity networks. Page Executive supported the comprehensive selection process.
After his departure from the role, Ahmed will assist in the transition and take on an advisory position to explore further investment opportunities in affordable housing. This change in leadership is part of L&Q's ongoing efforts to address housing needs in the UK. The information for this article is based on a press release statement.
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