Shand joins the Tipton from the Skipton Building Society where he led the society’s business partnering and cost teams as director of financial strategy.

He has extensive experience of leading financial departments across the financial services sector including seven years at Lloyds Banking Group and prior to that six years at HBoS.

Shand’s reputation has been built on his significant expertise in commercial business partnering, cost management and strategy, and he has a strong track record for improving sustainable business performance and implementing business strategy.

Richard Newton, chief executive of the Tipton, said: “I am delighted that Alastair has been appointed to the role of finance director.

“He brings a strong financial background, proven track record of developing high performing teams and extensive industry experience which will undoubtedly deliver benefits to the society as we continue to move our business forward and deliver against our strategic priorities.”

Shand added: “I’m excited to be joining a society with such a proud history and heritage of supporting its customers. I’m looking forward to helping the society to continue to grow and to provide our customers with a great experience through a fascinating period of change for the society and the wider sector.”