Wayhome has appointed Duncan Howorth as non-executive chair of its board.
Howorth has a background in wealth, investment, and pension advising. He was the Jardine Lloyd Thompson Group’s UK CEO of employee benefits before taking on the position of international chairman of employee benefits. He then served as CEO, Asia for Jardine Lloyd Thompson, now Mercer.
Howorth’s most recent role involved chairing Cushon, where he successfully led the business through three rounds of investment, three acquisitions, and the eventual NatWest acquisition.
Howorth also holds a non-executive director role at Smart and is the chair of ITM, a financial services data expert supported by Inflexion.
Wayhome uses contributions from pension funds to address the homeownership challenges.
Wayhome CEO and Co-Founder Nigel Purves says: “We are thrilled to welcome Duncan as our new Chair. He brings a wealth of experience to help guide us through this next chapter of our growth which will open the door to homeownership to many thousands more people who would otherwise be unable to access the property ladder.”
Howorth says: “I’m passionate about making homeownership a reality for families across the UK and have been impressed with what Wayhome has been able to achieve so far. There has been a lot of talk in the pensions industry about accessing alternative forms of investment and private markets. The Wayhome proposition genuinely excites me as a way of helping solve a big societal problem as well as offering pension funds an alternative source of long-term investment.
“This is just the start of Wayhome’s journey, and I’m excited to be joining the Board to help guide them through the next phase of their institutional capital-raising.”