The Building Societies Association has appointed Hanley Economic Building Society chief executive David Webster as its new chairman for the next year.
Webster replaces Principality Building Society chief executive Peter Griffiths, who has held the post for the last year.
Skipton Building Society chief executive David Cutter has been appointed the trade body’s deputy chairman.
Webster says: “This next year will clearly be a challenging one with uncertainties such as the fate of the Euro still hanging in the balance. That said, mutuals have made a good start to the year bucking the lending trend for the sector as a whole and filling the gap that is being left by the retrenchment of some of the big banks.
“Our ability to continue to do this would be helped, were the regulator and government to align their currently conflicting agendas of prudence with regulation and lend and grow.”