Pension fund-owned for-profit adds Orbit finance boss to board

News10.12.248.00 AM by James Wilmore

A for-profit owned by the UK’s largest private pension fund has appointed the finance director of Orbit to its board.

Jonathan Wallbank

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A for-profit owned by the UK’s largest private pension fund has appointed the finance director of Orbit to its board #UKhousing

Jonathan Wallbank joined Sparrow Shared Ownership as a non-executive director on 25 November, according to a Companies House filing.

Mr Wallbank, who has spent nearly 10 years at 47,000-home Orbit, has also become chair of Sparrow’s audit and risk assurance committee.

Mr Wallbank will join five other senior sector figures on Sparrow’s board. Its non-executive team is headed up by David Avery, the former group chair of Clarion. He stepped down from Clarion in July after five years as chair and nearly eight as a non-executive director at the 125,000-home landlord.

Mr Wallbank, who spent eight-and-a-half years working for US-owned retail chain Gap before joining Orbit, said: “I am looking forward to bringing my board and business experience to Sparrow Shared Ownership.

“I believe my background and experience within large, complex organisations will play a crucial role in helping Sparrow achieve its overall business strategy.”

Mr Avery said Mr Wallbank’s “extensive experience in leading and guiding a large registered provider will add value and further expertise to Sparrow’s board”.

He added: “As chair of the audit and risk assurance committee, his insight will help determine strategy and direction, as well as identifying and assessing risks and developing mitigation strategies. I am delighted to welcome him and eager to work closely with him as we look to the future.”