BT Openreach chief executive and former HSBC deputy chief executive Joe Garner has been appointed to lead Nationwide Building Society.
Garner is set to take over as chief executive from Graham Beale early next year.
He has headed up BT’s broadband division since early 2014. In addition to being deputy chief executive at HSBC, Garner was head of the bank’s UK division, which included responsibility for Marks and Spencer Bank and First Direct.
Garner was also the chair of the FSA Practitioner Panel between 2011 and 2013, and was a non-executive director of the Financial Ombudsman Service between 2007 and 2010.
Nationwide chairman David Roberts says: “I am delighted that Joe Garner has agreed to join Nationwide.
“He has an excellent track record in delivering outstanding service to customers across the financial services and retail sectors, and is a passionate advocate that financial services organisations should always put the customer first.”
Garner says: “I am thrilled to have been asked to become Nationwide chief executive. Nationwide has a remarkable heritage, and the fact that as a mutual it is owned by its customers means it is uniquely placed to lead and succeed in the next chapter of retail financial services in the UK.”