Ellis brings more than 25 years’ experience in financial services and is a chartered accountant. He spent 19 years at MBNA, now part of Lloyds Banking Group, where he held a range of senior roles.

Since then, he has led three successful UK regulatory applications. These include securing a full banking licence with JN Bank, now known as thisbank, and most recently a payment services licence with PEXA.

During his four years at PEXA, Ellis served as UK Chief Risk Officer. His remit included second line of defence oversight across the business, including Optima Legal Services and Smoove following their acquisition by PEXA.

At Hanley Economic Building Society,  Ellis will take responsibility for all second line risk and compliance activity. This includes acting as data protection officer and money laundering reporting officer. He will work closely with teams across the Society to review and strengthen the risk management framework, supporting its ongoing growth in both the mortgage and savings markets.

Commenting on his appointment Ellis said: “It’s clear that the society has a strong culture and a clear sense of purpose, and I’m looking forward to working with colleagues across the business to support its plans and ensure we continue to meet the needs of members and our intermediary partners in an ever-changing market.”