Peabody has appointed Caroline Corby as its new chair.

The 108,000-home association this morning announced Corby will take over in the role from April. David Hardy, who has served as interim chair following the death of previous chair Lord Bob Kerslake in June, will become vice-chair.

Corby has a background in finance and investment having worked in the City for a number of years, specialising in private equity.

She also has extensive non-executive experience in both the public sector and commercial sectors. She currently chairs The Professional Standards Authority for Health and Social Care and the Parole Board for England and Wales.