Lloyds Living, the Build To Rent element of Lloyds Banking Group, has appointed a seasoned property and investment figure as its new chief executive.
Matt Burgess – who has been acting chief executive since Andy Hutchinson stepped down earlier this year – is the new permanent CEO.
Before joining Lloyds in July 2021, Burgess was a director at property consultancy JLL, where he had a dual mandate across Residential Capital Markets and the Banking & Capital businesses, providing commercial advice to a range of financial institutions on their real estate strategies.
Previously, he spent over 10 years working in various investment-focused roles at HSBC, as well as co-founding a property technology start-up focussed on digitally connecting homeowners with reputable home improvement services.
Burgess says: “I am immensely proud of what we have built at Lloyds Living over the last four years and the opportunity I’ve been given to lead the next phase of its growth.
“Lloyds Living has gone from a start-up to a portfolio of over 7,300 homes in four years, which is a testament to the efforts of the whole team. That’s only the beginning, we have exciting, ambitious plans to grow our portfolio, the number of rental homes in the UK and the number of people we can help get into homeownership, and together we will deliver them.”
And Toby Rougier, chief executive of Lloyds Banking Group Investments, comments: “He has been a pivotal part of Lloyds Living’s growth story to date and is perfectly positioned to lead the business through the next chapter of it. His experience of the housing sector, understanding of Lloyds Living, together with his vision for the business, will enable Lloyds Living to achieve its goal of helping more people live in the kinds of homes they want in the places the want to be.”