Pete Thomson promoted to MD of RPS

Pete Thomson has been promoted to managing director of Residential Property Solutions Limited, the specialist sale-and-rent-back firm.

Thomson, who has been sales director since the company’s launch in May last year, takes control of the day-to-day running of the business and will continue to report to Peter Beaumont, chief executive of RPS Capital Partners Ltd.

Beaumont says: “Over the course of the past year, our business has developed in two distinct areas: Residential Property Solutions Ltd, which markets a regulated rent-back proposition via intermediaries.

“And RPS Capital Partners Ltd which, as a property fund, works with banks, receivers, insolvency practitioners, lenders, property developers and landlord to enable them to quickly dispose of either individual properties or larger developments.

“I am delighted that Pete will be responsible for our regulated subsidiary, Residential Property Solutions Ltd. Pete has many years experience of both working in a regulated environment and with intermediaries and has the necessary skills and experience to grow the business in a market which has undergone radical change during the past 18 months. I wish Pete every success in his new role.”