Appointment of Chief Financial Officer
Residential Secure Income plc ("ReSI") (LSE: RESI), which invests in residential asset classes that comprise the stock of UK social housing providers, is pleased to announce that TradeRisks Limited, the parent company of ReSI’s Investment Manager, has appointed Richard Stubbs asChief Financial Officer, with responsibility for financial strategy and operations, including across ReSI.
Richard’s appointment is effective immediately and he will report to Alex Pilato, Chief Executive of TradeRisks. Richard will be responsible for all aspects of financial strategy and operations across the TradeRisks Group and ReSI, including overseeing ReSI’s equity and debt programme, and preparation of ReSI’s accounts and reporting.
Richard brings more than 35 years of commercial property and financial experience. He joins from real estate private equity platform Sistema Capital Partners, where he was responsible for all fund reporting and oversaw the due diligence on major M&A transactions. Prior to that, he held senior positions at fund management businesses Alpha Real Capital and Langham Hall, and at UK-listed REIT Capital & Regional’s £2.9 billion Mall Fund.
Alongside Richard, Julia Eberdal and Sergey Pichugin have joined TradeRisks as an Associate Director and Property Analyst respectively, both effective immediately. Julia will be responsible for investment analysis and financial modelling focused on potential pipeline acquisitions, and will report to Ben Fry, Managing Director of ReSI Capital Management Limited. Julia joins from financial modelling company Numeritas, where she oversaw portfolio modelling for real estate projects in a number of European markets. Specialising in financial modelling, project finance, business analytics and mergers & acquisition, she previously worked at Verus Partners, Corality Financial Group and Blackrock.
Sergey will support the asset management function and will report to Pete Redman, Managing Director of ReSI Capital Management. Sergey was previously a real estate and investment analyst at Bedale and Beaufort Limited, and received an MA in International Business and Economics from the University of Westminster.
Alex Pilato, Chief Executive of TradeRisks Limited, commented: “Richard has a proven track record in fund management in both private and public format, and his appointment comes at an exciting time for ReSI, as we look towards future growth. Along with Julia and Sergey, we continue to build a team of talented and knowledgeable individuals to engage with the structural changes supporting investment in the UK social housing sector.”