Jay Joshi has joined the Executive Committee with effect from 1 April 2021. Jay qualified as a chartered accountant with KPMG before joining the Group in April 2012 and was appointed Treasurer in 2014. Since then, he has been a key member of our financial reporting team and played a major part in the Group’s recent financings such as the US Private Placements in 2016 and 2018, the latest Convertible Bond in 2019 and the arrangement or extension of £550m of debt facilities in 2020. He helped establish the Group’s Green Finance Framework and pioneered the sector’s first Revolving Credit Facility with a green tranche in 2019.
Philippa Davies has been promoted to the position of Head of Leasing with effect from 1 April 2021. Philippa qualified as a chartered surveyor with Cushman & Wakefield before joining the Group 8 years ago. She has been an integral member of our very successful letting team which has let c.£200m of rental income in that period. She has been responsible for our letting campaigns at White Collar Factory EC1 that completed in 2017 and 80 Charlotte Street W1 which completed in 2020. She is currently leading the marketing campaign at The Featherstone Building EC1 which will complete in the first half of 2022.
Paul Williams, Chief Executive, said:
“I am delighted with these two promotions. Both Jay and Philippa have played important roles in helping Derwent London progress in recent years and they demonstrate the considerable strength and depth of management within the Group.”