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N&P appoints new chief executive

Norwich & Peterborough has appointed Anne Gunther as its new chief executive.

Gunther, who will join the society on April 20, was most recently chief executive of Standard Life Bank, where she also had responsibility for Standard Life Healthcare and the direct client relationship operation of Standard Life.

Previously she was managing director for the direct channels of Lloyds TSB.

Gunther’s predecessor, Matthew Bullock, retired from the building society in January, after 12 years as its chief executive.

Yesterday, the FSA announced it had fined the building society £1.4m for failing to give customers suitable advice in relation to the sale of Keydata products. N&P will make available ex gratia payments to all customers to ensure they do not lose out as a result of their investment, amounting to approximately £51m in total.

Last month, it emerged Yorkshire Building Society had entered into talks about a potential merger with N&P.

N&P chairman Gordon Horsfield says: “Anne has had a long career in retail financial services and brings a real understanding both of our mutual business model, with its strong focus on customer service, and the management of change.”

Gunther says: “The Society has a strong heritage to fall back on, following a difficult year, and I join with the prospect of a merger ahead.  I look forward to the challenge of leading N&P through the next phase of its life and continuing to support our members and local communities.”

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