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Yorkshire BS hires Lloyds’ risk director

Yorkshire Building Society has appointed Richard Wells as its new risk general manager.

Wells joins from Lloyds Banking Group, where he was the risk director for its £345bn mortgage business. He is also a fellow of the Chartered Institute of Bankers.

Commenting on the appointment, YBS chief executive Iain Cornish says: “The importance of effective risk management has been illustrated very clearly by the financial crisis and, as someone who has an extensive experience of risk management at a senior level in both commercial and retail banking environments, I know that he will be a valuable asset to the Society and I welcome Richard to the Yorkshire team.”

Last month, the building society appointed former Monetary Policy Committee member Kate Barker as a non-executive director.

YBS, the second largest building society in the UK, merged with Chelsea Building Society last December and currently has 178 branches and two million customers.

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