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Hanley Economic chief Webster becomes BSA chairman

The Building Societies Association has appointed Hanley Economic Building Society chief executive David Webster as chairman for the next year.

Webster replaces Principality Building Society chief executive Peter Griffiths, who has held the position for a year.

Webster has been chief executive of Hanley since April 2002. In 2007, he joined the BSA council and was chairman from May 2010 to May 2011.

Skipton Building Society chief executive David Cutter has been appointed deputy chairman.

Cutter joined Skipton as head of audit in 1993 and joined the board in 2000, first as chairman of the operational division and then head of its subsidiary businesses. In January 2009, he was made group chief executive.

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 the Government to align their currently conflicting agendas of prudence with regulation and lend and grow.”

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