The Lomond Group has announced the appointment of Ed Phillips as its new Group Chief Executive. Ed is currently responsible for running the lettings division at Foxtons, which is London’s largest lettings business.

The news comes as Lomond, which has over 34,000 properties under management worth over £8 billion, enters advanced discussions to enter three new regions of the UK, including the London market.

Stuart Pender, the founder and current Group Chief Executive, will become Executive Chairman. He commented: “Attracting someone of Ed’s calibre and experience is an important part of our strategy to expand into more private rental markets around the UK. The Group has ambitious plans and we see Ed’s appointment as key in driving the next stage of our growth”.

Ed added: “Lomond Group is the most exciting property business in the UK with ambitions to continue its rapid expansion. I look forward to working with the Board and the leaders of each of Lomond’s regional businesses to deliver a market leading network in key cities across the UK.”

The Lomond Group was established in December 2020 from the merger of Lomond Capital and Linley & Simpson and backed by LDC, the private equity arm of Lloyds Banking Group.