Grainger appoints Helen Gordon as new CEO

Residential group Grainger has appointed Helen Gordon as its new chief executive (CEO).

Gordon, who currently global head of real estate asset management at Royal Bank of Scotland will join the company on 1 January next year, will replace outgoing CEO Andrew Cunningham, who will step down from his role in February 2016.

"After a thorough search process we are thrilled that such a leading player in the real estate industry has agreed to join Grainger as its CEO,” said group chairman Baroness Ford.

“As a recognised authority on the residential sector, Helen brings a unique blend of development, asset management and banking experience to the role.”

Grainger shares were down 0.31% to 227.70p at 0826 BST.