Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guides
Guidance and tools
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks Stock plan guidance
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Metropolitan Housing Trust finance chief to step down
(Sharecast News) - Metropolitan Housing Trust announced on Friday that chief financial officer Ian Johnson would retire in the autumn after a 40-year career, including 10 years in his current role. The AIM-traded firm said he would remain in post until a successor was appointed.
It said Johnson was leaving the organisation in a strong financial position, with its credit rating recently reaffirmed at A- stable by Standard & Poor's in December.
"On behalf of the board and executive team, I would like to thank Ian for his contribution to MTVH and wish him well on his well-earned retirement," said chief executive officer Mel Barrett.
"Ian leaves MTVH in a strong financial position with our credit rating recently confirmed as A- stable by Standard & Poor's in December 2024.
"We have the highest possible G1 Governance Standard rating from the Regulator of Social Housing and a V2 Financial Viability rating."
Barrett said that, while current market conditions made development of homes more challenging, MHT would continue to have the financial capacity to build new homes, and was on track to deliver 569 homes in the year to March.
"Our financial results for the six months to September 2024 showed a robust balance sheet with available liquidity of £675m and a low gearing ratio of 39%.
"We are now focused on the appointment of a new chief financial officer who will build on this track record of success and continue to maintain our strong financial governance while helping to maintain MTVH's values as a social purpose organisation which was established in 1957 to house Windrush migrants and exists to deliver for our residents."
Reporting by Josh White for Sharecast.com.
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
