LONDON - Leeds Building Society announced today the appointment of Brendan McCafferty as its new Chair, effective March 1, 2025, pending regulatory approval. He will take over from Iain Cornish, who has decided not to seek a third term after joining the Society's Board in 2019 and serving as Chair since April 2020.
McCafferty, a chartered management accountant with over 30 years of experience in the financial services sector, has been a Non-Executive Director at the Society since September. His previous roles include Chair of Nest Corporation since February 2022, CEO at AXA Insurance UK plc, and founding CEO of Flood Re Ltd.
Upon his appointment, McCafferty expressed his honor at being chosen for the role and his eagerness to work with the Board, Executive team, and colleagues to continue the Society's success.
Chief Executive Richard Fearon highlighted McCafferty's extensive leadership experience as a significant asset to the Society, which is approaching its 150th year. Fearon also extended gratitude to Cornish for his contributions, particularly during the Covid-19 pandemic and the Society's growth period.
Leeds Building Society, the UK's fifth-largest building society with £30 billion in assets and over 945,300 members as of June 2024, remains focused on its founding purpose since 1875: helping people to save and own homes. With over 1,800 employees, a head office in Leeds, a customer contact center in Newcastle, and a network of 50 branches, the Society continues to support homeownership and financial goals for its members.
The Society has also been recognized for its commitment to shared ownership mortgages, customer service for first-time buyers, and its "Leading With Purpose" approach, reflecting its broader social and environmental commitments, including an ambitious target to reduce its emissions by 60% by 2030.
This leadership transition is based on a press release statement from Leeds Building Society.
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