UK: Management specialist Allsop Letting & Management (ALM), a subsidiary of property consultancy Allsop, has made a series of senior appointments, including a new CEO.
Matt Smith, who joined ALM in 2018 as director of asset management, has been promoted to CEO with immediate effect. In his expanded remit, he will be responsible for the subsidiary’s performance and new business generation activity, as well as driving cross-business collaboration with other departments within the parent company, including Allsop’s specialist team advising on BTR investment and development transactions.
He will report to the ALM board and its new chair, Tim Theakston, who is newly appointed to the role following 41 years of service in a variety of senior leadership roles.
ALM’s other senior appointments include Kelly Smith who has been promoted to COO and will sit on Allsop’s Risk Committee, and Richard Leek who will act as the subsidiary’s CFO after 24 years with the company.
“In our expanded remits, Kelly, Richard and I have hit the ground running as we continue growing the business from strength to strength. With these changes to our structure, we will be able to take advantage of additional sources of expertise from across the wider firm, which we expect to result in a range of new opportunities for the business as well as greater value for our clients,” said Smith.
Established in 1999, the ALM team now comprises over 100 members and manages more than 1,300 BTR apartments in London, Manchester and Liverpool, as well as an additional 5,700 privately rented properties across the UK – including a significant single family portfolio of 918 units in the north-west.
