Appointment of Finance Director
Residential Secure Income plc ("ReSI") (LSE: RESI), which invests in affordable shared ownership, retirement and Local Authority housing, is pleased to announce that ReSI Capital Management Limited, ReSI’s Fund Manager, has appointed James Sly as Finance Director, with responsibility for financial strategy and operations, including across ReSI.
James’ appointment is effective immediately and he will report to Alex Pilato, Group Chief Executive. James will be responsible for all aspects of financial strategy and operations across ReSI, including overseeing ReSI’s equity and debt programme, and preparation of ReSI’s accounts and reporting.
James was previously Finance Manager at the specialist UK lender United Trust Bank Limited (“UTB”), where he was responsible for all financial reporting processes, alongside managing a number of key external adviser relationships. At UTB he oversaw the financial control team and was responsible for identifying and implementing a number of new firmwide processes and frameworks that delivered significant cost efficiencies.
Prior to joining UTB, James was Group Financial Accountant at Pepkor Europe, the pan European retailer with €3bn of annual revenues and a subsidiary of Steinhoff International Holdings. James is a qualified Chartered Accountant, having started his career at PricewaterhouseCoopers after graduating with a BA in Economics and Management from the University of Oxford.
Alex Pilato, Chief Executive of TradeRisks Limited, commented: “James is both highly qualified and ambitious, which makes him an ideal fit to play a key role with ReSI Capital Management. He has a successful track record working alongside senior management and Board members to implement new processes and frameworks that have delivered clear and improved results and has repeatedly demonstrated his ability to lead positive change from inside a business. ReSI Capital Management has a pipeline of significant growth milestones ahead, and we look forward to James being integral in delivering these.”