Paul Geddes, former chief executive of Evelyn Partners and Direct Line, has been appointed as the new chief executive of Lomond, one of Britain’s largest estate agency groups.
The appointment was first reported by Sky News business correspondent Mark Kleinman via social media, though the company has not yet officially confirmed the news. Cavendish Consulting, Lomond’s public relations firm, declined to comment on the appointment when contacted.
Company profile
Lomond operates 200 branches across Britain, employing more than 2,600 staff and managing 72,000 properties. The group has a presence in Scotland, Yorkshire, the North West, Midlands, London, Kent and the South Coast.
The company’s website currently lists Ed Phillips as chief executive on its ‘meet the team’ page. Phillips was recently quoted in a press release stating that rents had risen to an average of £1,384 per month, commenting on the resilience of the rental market.
Market context
The leadership change comes as the UK rental sector undergoes significant regulatory reform, with rental market dynamics continuing to evolve. The sector has experienced sustained rent increases across both urban and rural locations, according to recent company data.
The appointment also occurs against a backdrop of broader market pressures affecting the UK property sector, with estate agency groups navigating changing market conditions.
Geddes brings significant financial services experience to the role, having led major organisations in the insurance and wealth management sectors. His appointment signals a potential shift in strategic direction for the multi-branch estate agency group.
