Editor's note: This brief was summarised by The Property AI Newsroom from a report by Letting Agent Today. Read the original article for full details.
Lomond Announces New CEO and Plans Further Agency Acquisitions
Lomond, a company known for acquiring independent lettings agencies in recent years, has announced the appointment of a new chief executive and confirmed its intention to pursue further growth through additional acquisitions.
Paul Geddes has started work as Lomond's new chief executive. Geddes brings experience from the financial services, insurance, and wealth management sectors. His most recent role was as CEO of Evelyn Partners, where he led the business through its £2.7 billion sale to NatWest Group.
Lomond's announcement signals continued expansion in the UK lettings sector, with a focus on acquiring more agencies. This development is relevant for letting agents and inventory clerks monitoring changes in agency ownership and market consolidation.
Source: Letting Agent Today