Dominus has made two senior appointments to support the company’s long-term growth strategy.
Andrew MacDonald (pictured) has joined the business as chief financial officer from Sellar where he was head of joint ventures and investment. Prior to that, he spent a decade as head of real estate finance at Schroders.
In his new role, he will oversee equity capital raising, debt financing, risk management and the development of strategic, long-term partnerships with institutional investors.
Dominus has also appointed Richard Smith, former chief executive of Unite Group, as senior adviser. Smith will support on Dominus’ group-wide strategy and help enhance its approach to corporate governance, compliance and its wider social contribution.
Preet Ahluwalia, chief executive officer of Dominus, said: “Andrew and Richard bring exceptional experience and leadership at a pivotal stage in Dominus’ journey. Andrew’s financial and investment expertise will strengthen our ability to attract institutional partners and deliver long-term growth, while Richard’s corporate and governance experience will help ensure we grow responsibly and with purpose. Together, they will play a key role in advancing our strategy to deliver market-leading hotels and student housing schemes across the UK.”
MacDonald added: “This is a great time to join Dominus at such an exciting stage in its growth. With a high quality pipeline of London student schemes and a proven hotel platform, the business is well placed to create long-term value across its portfolio and continue to scale by working with strategic equity and debt capital partners.”
Smith said: “I am delighted to be supporting Dominus. It is a values-driven organisation focused on quality, community and customer experience. The addition of over 800 affordable beds in London and the creation of new cultural spaces at the ground floor of its schemes are examples of its commitment to delivering genuine social value. I look forward to working closely with Preet and the board to deliver Dominus’ strategy.”
