Fast-growing estate agency group Lomond is set for a leadership change, with former Direct Line and Evelyn chief executive Paul Geddes expected to take the helm of the business.
According to Sky News, Geddes is poised to become group chief executive after stepping down from wealth manager Evelyn following its £2.7bn acquisition by NatWest Group. An announcement could be made within days, industry sources have suggested.
Geddes is expected to succeed Ed Phillips, who has led Lomond since 2022. His appointment would bring extensive experience of leading private equity-backed businesses, having previously held senior roles at Direct Line, Evelyn and education provider QA Group.
The move comes as Lomond continues to expand following a series of acquisitions that have helped build a property management portfolio of around 70,000 homes. The company received investment from ICG in 2024, alongside existing backers LDC and founder shareholders.
Lomond declined to comment on the reports.
