Nationwide chief executive Philip Williamson becomes the newly elected chairman of the Building Societies Association for 2005 to 2006.
He replaces John Parker ceo of Stroud and Swindon Building Society, who has held the post for the past year.
Williamson joined Nationwide in 1991 to head up commercial lending. In 1994 he was promoted to divisional director and became chief executive in 2002.
Williamson says: “The market in which we operate is very competitive and we all need to rise to the undoubted challenges that we will face in the years ahead. There are some real opportunities for the
sector. Without shareholders, we have an inherent advantage which we must continue to drive home. People like doing business with organisations that they can trust to put them first.”