The Building Societies Association has named Stroud and Swindon Building Society chief executive John Parker as its new chairman, replacing Skipton Building Society chief executive John Goodfellow.
Nationwide chief executive Philip Williamson has taken over as deputy chairman.
Parker says: “I am honoured and delighted to become chairman of the Association. Having worked in the industry for 20 years, I know that societies have a major role in providing diversity and choice in financial services. A key issue this year will be adapting to mortgage and insurance regulation without losing our responsiveness to the needs of our members.”