Lomond, which in recent years has acquired a raft of independent lettings agencies, has announced that its new chief executive has started work – and is targeting more growth.

Paul Geddes joins Lomond following a career spanning financial services, insurance, and wealth management – most recently serving as CEO of Evelyn Partners, where he led the business through its £2.7 billion sale to NatWest Group. 

He also previously served as CEO of Direct Line Insurance Group and CEO of RBS’s UK Retail Banking division, now part of NatWest Group.

Since 2022, Lomond has more than doubled its portfolio, establishing itself as one of the UK’s leading networks within the lettings and estate agency sector. 

It’s expanded from approximately 34,000 to more than 70,000 properties under management and completed around 70 acquisitions to date. 

Geddes says:”Lomond has built something distinctive within the UK property sector: strong local brands with the scale of a national group behind them.

“We operate in a market that continues to evolve, with customers expecting higher levels of service, greater convenience and more innovative solutions. 

“Our ambition is to be the most recommended property group in the UK, raising standards across the industry while helping our regional businesses grow and thrive.

“My immediate focus is on supporting, learning and working with colleagues across the company to understand what makes each business successful. 

“From that foundation, we will strengthen our position in the market and keep improving what we deliver for landlords, tenants, buyers and sellers.”