Tariq Kazi was involved in setting up the government’s affordable homes loan programme
Peabody has appointed Tariq Kazi to the position of treasurer, where he will be responsible for ensuring the group has the long-term financial resources to invest in improving existing stock and building new homes.
He will also manage investor relations in the bank and bond markets for the group’s financial asset portfolio, which has a total value of £6bn.
Kazi has almost 20 years’ experience in banking and auditing. He was head of credit for the Housing Debt Guarantee Scheme, now the Affordable Housing Guarantee Scheme, which provides long-term, cost-effective loans to private Registered Providers of Social Housing.
Kazi worked at Optivo, now part of Southern Housing, as director of corporate finance and head of treasury.
More recently, he was a board and finance panel member at Stonewater housing association. Before joining Peabody, he was a director of financial strategy at Southern Housing.
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On his appointment, Kazi said: “The current economic climate means it’s more important than ever that we keep a strong balance sheet to deliver benefits for residents now and in the future”.
He added: “We need to carefully manage financial risk so we can continue to invest in our homes and communities and help people flourish.”
Peabody has recently announced a £1bn Euro Medium-Term Note (EMTN) programme, which will facilitate the housing association’s access to borrowing.
The 108,000-home housing association has said it plans to spend £2bn over the next five years in maintaining its existing homes.
Earlier this month, Peabody announced that it has appointed Phil Day as the group’s new chief financial officer. Day will join Peabody from Guinness in September.
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