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Affordable housing company Heylo to name Geczy as new CEO

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Heylo will announce Andrew Geczy’s appointment five months after he left the buyout firm Terra Firma, Sky News learns.

The company aims to double its delivery of affordable homes this year, with its part-buy, part-tent model attracting significant demand from institutional investors.A veteran of the financial services industry, Mr Geczy's previous jobs include having been chief executive of wholesale banking and markets at Lloyds Banking Group and 14 years at Citigroup.

More recently, he was chief executive of international and institutional banking at Australia and New Zealand Banking Group. Mr Geczy was appointed by the Terra Firma founder Guy Hands three years ago to help restore its credibility after a bruising period resulting from the loss of its EMI investment and a series of subsequent legal battles.

Under Mr Geczy's stewardship, Terra Firma has generated strong returns from investments including through the €1.3bn disposal of RTR, a solar energy platform. It has also restructured the finances of Annington, a vast landlord to the Ministry of Defence, which is widely expected to be sold in the next couple of years.Neither Heylo nor Mr Geczy could be reached for comment.

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