The mutual adds Stephen Smith, who has spent the past 25 years working for Legal & General, most recently heading up its mortgage and housing-related retail businesses.
It also brings on board the retiring chief executive of Market Harborough Building Society Mark Robinson, who has expertise in niche lending, distribution, IT infrastructure and culture development.
The business also adds Bob Andrews, who has 35 of experience in the mortgage lending, operations and insurance sectors. He will retain his role as chief executive of mutual Benenden Healthcare and as a non-executive director of the Association of Financial Mutuals.
Andrews says: “While there are many challenges ahead, I am confident that The Beverley has the approach and aspiration to succeed. The mutual sector is an important one for balance within the British economy.”
The final part of the quartet is Barry Meeks, who the firm says is an experienced financial services non-executive director, senior independent director and committee chair, with specific expertise in mortgages and banking.
The mutual says the appointments are “the latest in a number of key executive appointments and a major step in the society’s strategic plan to drive its lending proposition to significantly higher levels”.
Beverley Building Society chairman Stuart Purdy says: “We are delighted with the extraordinary calibre of successful candidates our recent board recruitment process brought.”
Beverley Building Society chief executive Janet Bedford adds: “The society is entering an exciting period with promising growth in our mortgage lending, significant investment in new infrastructure and talent and a renewed and growing community presence.”
The group saw its pre-tax profit jump 64% to £756,000 driven by an improved net interest margin and reduced provisions against non-performing loans, in the year to the end of last December. Net operating income lifted 14.3% to £3.2m, while total assets rose 3.3% to £207m, in the same period, according to its annual report.
