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RPS appoints new managing director

Residential Property Solutions Limited has promoted Pete Thomson to managing director.

Thomson has been the sales director for the specialist sale and rent-back firm since the company’s launch last May and will take over the day-to-day running of the business.

Residential Property Solutions Capital Partners Limited chief executive Peter Beaumont says: “Over the course of the past year, our business has developed in two distinct areas: Residential Property Solutions Ltd, which markets a regulated sale and rent back proposition via intermediaries, and RPS Capital Partners Ltd which, as a property fund, works with banks, receivers, insolvency practitioners, lenders, property developers and landlord to enable them to quickly dispose of either individual properties or larger developments.

“I am delighted that Pete will be responsible for our regulated subsidiary, Residential Property Solutions Ltd. Pete has many years experience of both working in a regulated environment and with intermediaries and has the necessary skills and experience to grow the business in a market which has undergone radical change during the past 18 months. I wish Pete every success in his new role.”

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