OnTheMarket appoints Rupert Sebag-Montefiore as new Director

UK-based agent-backed property portal, OnTheMarket.com, has recently announced the appointment of Rupert Sebag-Montefiore to its Board of Directors as Independent Non-Executive Director. The company stated that Sebag-Montefiore will also serve as Chairman of the Remuneration Committee.

With extensive Board experience at both listed and private companies, Sebag-Montefiore is currently a Non-Executive Director at Clarion Housing Association (the UK’s largest housing association) and Pigeon Land Limited (a development land promotion company). 

Sebag-Montefiore was also on the Savills plc main Board, followed by the Group Executive Board, for 21 years. His roles included CEO of Savills’ principal UK subsidiary for 12 years and Head of Global Residential.

Currently, Sebag-Montefiore sits on a number of external investment committees, including Christ Church College at the University of Oxford, is a Trustee of the Orchestra of the Age of Enlightenment and chairs the property companies for the private office of a European family.

“I am delighted that Rupert has agreed to join the Board of OnTheMarket. Rupert has extensive executive and non-executive experience in and beyond the UK property sector," said OnTheMarket Non-Executive Chairman Chris Bell. "In addition to his illustrious career at Savills, he was Chairman of the PrimeLocation portal business and he has considerable Board Committee expertise. He brings a deep understanding of the property market in general and an invaluable insight into the perspective of estate agents and housebuilders in particular. We greatly look forward to working with him as we continue to build the UK’s agent-backed property portal,” added Bell.

Commenting on his appointment as Non-Executive Director, Rupert Sebag-Montefiore said, “It is with great pleasure that I join the Board of OnTheMarket at such an exciting and important phase in its development. I have watched the business grow from a concept to a serious market player in the UK portals sector. I look forward to supporting an entrepreneurial and seasoned leadership team in achieving its growth objectives in the interests of shareholders, customers and property-seekers alike.”

The appointment has reunited Sebag-Montefiore with OnTheMarket.com's boss Ian Springett after both were at the helm of PrimeLocation, the early forerunner of an agents’ mutual portal.

PrimeLocation was created by estate agents and owned by estate agency shareholders; it was sold to the Daily Mail and General Trust in 2005 for £48 million.