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Peabody names Tariq Kazi as new Group Treasurer

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Tariq Kazi has been appointed as Group Treasurer of the Peabody Group.

Published: 28/03/2024

A former financier who helped set up the government’s Affordable Housing Guarantee Scheme, Tariq joins from Southern Housing where he was Director of Financial Strategy. 

Tariq will help look after Peabody’s borrowings. He'll make sure the Group has enough long-term financial resources to invest in its existing homes, build much-needed new homes and create communities where people can flourish. He’ll also be responsible for credit ratings agencies and bank and bond market investor relations across the Group’s £6bn treasury portfolio. 

“The current economic climate means it’s more important than ever that we keep a strong balance sheet to deliver benefits for residents now and in the future,” said Tariq. “We need to carefully manage financial risk so we can continue to invest in our homes and communities and help people flourish.”

Peabody, which has more than 108,000 homes and 220,000 residents, recently announced a £1bn Euro Medium-Term Note (EMTN) programme which paves the way for future fundraising. Peabody plans to spend £2bn over the next five years maintaining and improving existing homes. 

Tariq’s arrival at Peabody follows on from the announcement earlier this month that Phil Day will join as the Group’s new Chief Financial Officer starting in September.

You can find more information on our Investor pages.

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