Residential Secure's investment manager gets new CFO

30th Aug 2018 11:32

(Sharecast News) - Residential Secure Income announced on Thursday that TradeRisks, the parent company of its investment manager, has appointed Richard Stubbs as its chief financial officer with responsibility for financial strategy and operations, including across ReSI.The London-listed firm said Stubbs' appointment was effective immediately, and he would report to TradeRisks chief executive Alex Pilato.Stubbs would be responsible for all aspects of financial strategy and operations across the TradeRisks Group and ReSI, including overseeing ReSI's equity and debt programme, and preparation of ReSI's accounts and reporting.The company said he was bringing more than 35 years of commercial property and financial experience.He was joining from real estate private equity platform Sistema Capital Partners, where he was responsible for all fund reporting and oversaw the due diligence on major merger and acquisition transactions.Prior to that, Stubbs held senior positions at fund management businesses Alpha Real Capital and Langham Hall, and at UK-listed REIT Capital & Regional's £2.9bn Mall Fund.Alongside Stubbs, Julia Eberdal and Sergey Pichugin had joined TradeRisks as an associate director and property analyst respectively, both effective immediately.ReSI said Eberdal would be responsible for investment analysis and financial modelling focused on potential pipeline acquisitions, and would report to Ben Fry, managing director of ReSI Capital Management.She was joining from financial modelling company Numeritas, where she oversaw portfolio modelling for real estate projects in a number of European markets.Specialising in financial modelling, project finance, business analytics and mergers and acquisitions, she previously worked at Verus Partners, Corality Financial Group and Blackrock.Pichugin, meanwhile, would support the asset management function and would report to Pete Redman, managing director of ReSI Capital Management.He was previously a real estate and investment analyst at Bedale and Beaufort, and received an MA in International Business and Economics from the University of Westminster."Richard has a proven track record in fund management in both private and public format, and his appointment comes at an exciting time for ReSI, as we look towards future growth," said TradeRisks chief executive Alex Pilato."Along with Julia and Sergey, we continue to build a team of talented and knowledgeable individuals to engage with the structural changes supporting investment in the UK social housing sector."