Estate and lettings agency group Lomond has appointed Paul Geddes as Group Chief Executive as the company targets further expansion across the UK market.
Geddes takes over a business that has grown significantly in recent years, with its managed portfolio more than doubling from approximately 34,000 properties in 2022 to over 70,000 currently. The group has completed around 70 acquisitions during this expansion period.
Expansion into new regions
Earlier in 2026, Lomond entered two additional regions through acquisitions, purchasing Homesure in Liverpool and Prospect in the Thames Valley. The moves form part of the group’s strategy to expand its geographical footprint across the country.
The appointment comes as the UK lettings market faces ongoing challenges, with Lomond’s growth trajectory contrasting with broader market pressures affecting the sector.
New CEO’s background
Geddes joins Lomond from senior positions in financial services, most recently serving as CEO of Evelyn Partners, where the business agreed a £2.7 billion sale to NatWest Group. He previously held the role of CEO at Direct Line Insurance Group and led RBS’s UK Retail Banking division, now part of NatWest Group.
According to Geddes, his immediate priorities include meeting with Lomond’s teams and regional businesses across the country. The group plans to pursue both acquisition-led and organic growth strategies, with technology and artificial intelligence investment forming part of the approach.
Geddes stated that Lomond operates “strong local brands with the scale of a national group behind them” and aims to become “the most recommended property group in the UK.”
Market positioning
Kate Swann, chair of Lomond, said Geddes’s track record of leading customer-focused organisations through growth and transformation periods informed the appointment decision.
The leadership change occurs as the UK property market navigates broader economic pressures, with Lomond’s expansion plans indicating confidence in the lettings and estate agency sector despite market headwinds.
The group’s growth from 34,000 to 70,000 managed properties represents a 106% increase over the period since 2022, positioning it as one of the larger consolidated players in the UK lettings market.
