Finance News

PRA director Martin Stewart to join Coventry BS

Rozi Jones
|
13th July 2018
Coventry
"He is a leading figure in UK financial services with extensive business experience and a successful career at the UK’s prudential regulator."

Coventry Building Society has announced that Martin Stewart – director of banks, building societies and credit unions at the Prudential Regulation Authority – will join the Board as a non-executive director and chair of the board risk committee in September.

Martin's career spans 18 years at board level as an executive and non-executive, as well as senior roles in the building society and consultancy sectors.

Over the last eight years he has led the redefinition and implementation of the UK’s post-financial crisis prudential regulatory regime, initially as head of UK banks and mutuals and then in his role at the PRA.

Last month, Coventry announced that Iraj Amiri – currently a member of the regulatory decisions committee at the FCA – will also be joining the Board as a non-executive director

Gary Hoffman, chair of Coventry Building Society, said: “I am delighted to announce Martin’s appointment as non-executive director of Coventry Building Society. He is a leading figure in UK financial services with extensive business experience and a successful career at the UK’s prudential regulator.

“He combines his deep understanding of regulatory and commercial matters with a leadership style based upon values of honesty, trust and integrity. These values are very much the values of Coventry Building Society, and are why Martin will be such a fantastic addition to our Board.”

“His expertise will be invaluable as the Society continues to grow and develop for the benefit of our members.”

Martin Stewart added: “I’m very excited to join Coventry’s Board. The Society stands out for its record of putting members first and looking after its employees, as shown recently when it became a Times Best 100 Companies to Work For 2018. I look forward to working with my Board colleagues and the Society’s employees to maintain this proud record.”

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