The Nottingham Building Society has appointed Anthony Murphy as its chief financial officer, who brings “a broad range of experience, both domestically and internationally”. 

Murphy will join the mutual in March, subject to regulatory approval, replacing Paul Astruc, who has served as chief financial officer and as a board member for two years. 

The firm’s new hire joins from digital challenger bank Tandem, where he has been chief financial officer since January 2019.  

The society says: “During his time at Tandem, Anthony played a pivotal role as it navigated through a strategic review, migrated to a new core banking platform, concluded a number of capital raises, merger and acquisitions activities and significantly grew its deposit offering, all of which culminated in the group achieving profitability in the first quarter of 2022.” 

Before that, he worked for City-based finance house Amicus Finance as head of finance for just over a year, joining in October 2017.  

Prior to that, Murphy worked in the United Arab Emirates as chief financial officer for listed regional bank United Arab Bank for just over four years. 

He has also held a number of senior finance and strategy roles with Lloyds Banking Group, where he worked for seven years, including as finance director of their Middle East business based in Dubai where he supported its sale to HSBC in March 2012. He left the group in June 2013. 

The building society says: “The broad range of experience, both domestically and internationally within challenger and established banks, that Anthony brings will help The Nottingham progress its commitment to transforming the housing market.”   

Nottingham Building Society chief executive Sue Hayes adds: “His wealth of experience means he brings both solid foundations and genuinely innovative thinking to us at this exciting time as we build for the future. Anthony will be a key stakeholder in helping forecast and shape our strategic roadmap to deliver our purpose.” 

Murphy says that it is a key time to join the group as “it emerges from a thorough and exciting strategic review process, with an eye on the future”. 

The firm adds that Astruc is retiring from business to pursue a non-executive career and will leave the society on 6 April, after a handover period with Murphy.