Matt Smith, previously Director of Asset Management, to head up Allsop LLP’s subsidiary as new leadership structure comes into force
Allsop Letting & Management (ALM), one of the UK’s leading providers of professionally managed properties and a subsidiary of leading property consultancy Allsop, has made a series of senior appointments as part of a new leadership structure.
Matt Smith, who joined ALM in 2018 as Director of Asset Management, has been promoted to CEO with immediate effect. In his expanded remit, Matt will be responsible for the subsidiary’s performance and new business generation activity, as well as driving cross-business collaboration with other departments within the parent company, including Allsop’s specialist team advising on Build to Rent investment and development transactions.
Other senior appointments within ALM include Kelly Smith, promoted to COO, who will also sit on Allsop’s Risk Committee, and Richard Leek who will act as the subsidiary’s CFO after 24 years with the business. Prior to their promotions, Kelly and Richard held the roles of Director of Operations and Finance Director, respectively.
Matt will report to the ALM board and its new chair, Tim Theakston, who has been newly appointed to the role following 41 years of service in a variety of senior leadership roles. Andrew Boyd, who heads up Allsop’s Residential Transactional and Living Markets Team, has been nominated as a non-executive director, bringing with him advisory experience across the residential development and investment markets.
Last year, ALM was recognised with a number of accolades, including a Build to Rent (BTR) Talent Award, and three Homeviews Awards. The subsidiary was crowned ‘Best National BTR Management Company of the Year’ by Homeviews, a platform which collects verified resident reviews for new build homes in the UK. Furthermore, Duet Media City, was awarded both ‘BTR National Development of the Year’ and ‘BTR Regional Development of the Year’. In addition, ALM’s dedicated team looking after the day-to-day management of The Trilogy scheme in Manchester was named ‘Team of the Year’ at the BTR Talent Awards.
Established in 1999, the ALM team now comprises more than 100 members and manages over 1,300 BTR apartments in London, Manchester and Liverpool as well as an additional 5,700 privately rented properties across the UK including a significant single family portfolio of 918 units in the North West.
Matt Smith, CEO of Allsop Letting & Management, said: “In our expanded remits, Kelly, Richard and I have hit the ground running as we continue growing the business from strength to strength. With these changes to our structure, we will be able to take advantage of additional sources of expertise from across the wider firm, which we expect to result in a range of new opportunities for the business as well as greater value for our clients.”
Scott Tyler, Senior Partner at Allsop, said: “Allsop Letting & Management has come a long way over the past two decades, having developed into one of the UK’s most respected residential asset managers, all thanks to the hard work and tenacity of its team. The new appointments demonstrate our commitment to investing in our people and are reflective of the business’s robust performance and strong client pipeline. The appointment of a new chairman and non-executive director will enable us to further strengthen cross-agency collaboration and tap into valuable sources of expertise, leading to an even better client experience and stronger results.”
