Hyde has appointed banker Andy Hulme as its new chief executive, as it seeks “new sources of funding” for development.

The 48,000-home association today announced Hulme will take up the role early in the new year, filling the vacancy created by Peter Denton’s departure to Homes England in the summer.

Hulme joins Hyde from his current position of global managing director of real estate and housing at Lloyds Banking Group. He is also on the board of the Housing Growth Partnership, a social impact investor backed by Lloyds and Homes England.