Andy Rose is to leave his post as chief executive of the Homes and Communities Agency (HCA), to take up a new role in global infrastructure finance.

Rose is to become chief executive of the  Global Infrastructure Investor Association (GIIA). The global advocacy association represents equity investors in global infrastructure works in partnership with governments and regulators to help increase infrastructure investment. Its members include investment banks like Morgan Stanley and pension funds.

Rose joined the HCA in April 2013, at a time when the housing development industry was still recovering from the global downturn. A Recruitment for a successor will start soon.

Rose established a new investment function within the HCA, to help unlock stalled sites and increase investment in housing and infrastructure through greater use of equity and loans. Kevin Parry, Chairman of the HCA, said: “I would like to offer immense thanks to Andy for his highly successful stewardship of the HCA. Andy can be incredibly proud of the HCA’s performance during the past few years. He leaves an organisation that continues to provide new homes for thousands of people and is set to deliver the government’s recently-announced priorities for housing and public land