Two new non-executive directors will provide oversight to the public bank

The National Housing Bank has announced the appointment of two independent non-executive directors.

Chris Taylor and Simon Pistell will provide strategic oversight to the newly launched bank, a public finance institution tasked with accelerating new housing delivery across England.

NHB3 SML

Homes England and National Housing Bank leaders at the launch of the latter earlier this year

Taylor is chair of real estate and senior vice president at investment manager Federated Hermes and chair of MEPC, the former’s development arm. He has been involved with major regeneration schemes including King’s Cross in London, Paradise in Birmingham and NOMA in Manchester.

Pistell is risk director at Legal & General, where he oversees housing and regeneration within the insurer’s ‘Capital’ business, with a remit including build-to-rent, affordable housing, Cala Homes and strategic land. 

A subsidiary of Homes England, the bank aims to support the delivery of more than 500,000 homes and unlock more than £53bn in private investment over the next ten years. It has the authority to deploy up to £16bn of debt, equity and guarantees to enable this. 

Its board is chaired by Peter Vernon and its membership includes UK Government Investments representative James Coppin, Homes England board member Ros Kerslake, National Housing Bank CEO Simon Century, and Homes England CEO Amy Rees.  

“Simon and Chris are accomplished leaders and bring to the board the right depth of knowledge, experience and skills to ensure the bank is well governed and held to account,” said Vernon.

“I am confident we are building the foundations to help guide a very talented group of professionals who, even at this early stage, are deeply engaged and delivering new investment opportunities and outcomes.”

Topics