New BSA chairman elected
David Webster, Chief Executive of Hanley Economic Building Society has been elected Chairman of the Building Societies Association (BSA) for 2010/11. He replaces Graham Beale, Chief Executive of Nationwide Building Society, who has held the post for the past year.
Commenting on his election as BSA Chairman, David Webster said:
“I feel extremely proud and privileged to be elected Chairman of the BSA and I will be doing everything I can to promote the virtues and values of the mutual sector. These are tough times for our businesses and for our customers too, but I believe we can look ahead with optimism as the lessons of the last two years have reminded us that big is not necessarily best.
“There is undoubtedly an expanding space in the market for a trusted, customer-focused mutual business. Mutuals have a fantastic heritage, but we also have the zest and vigour to adapt to 21st century markets and to demonstrate our relevance and uniqueness in a contemporary setting.”
Peter Griffiths, Chief Executive of Principality Building Society, has taken over as BSA Deputy Chairman from David Webster.
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Notes to editors
1. The Building Societies Association (BSA) represents mutual lenders and deposit takers in the UK including all 51 UK building societies.
Mutual lenders and deposit takers have total assets of almost £375 billion and, together with their subsidiaries, hold residential mortgages of almost £240 billion, 19% of the total outstanding in the UK. They hold over £245 billion of retail deposits, accounting for just under 22% of all such deposits in the UK. Mutual deposit takers account for about 36% of cash ISA balances. They employ approximately 50,000 full and part-time staff and operate through approximately 2,000 branches.
2. Photographs are available from the BSA press office, or from the Association’s website at www.bsa.org.uk or Headlinemoney www.headlinemoney.co.uk
BIOGRAPHY OF DAVID WEBSTER, CHIEF EXECUTIVE, HANLEY ECONOMIC BUILDING SOCIETY
David Webster, age 50, was born and educated in East Kilbride, Glasgow and has spent his entire career south of the border. He has a career spanning 20 years in the building society sector and is proud to be a keen advocate of the mutual model.
David joined Hanley Economic Building Society as Chief Executive in April 2002 and is fully committed to The Hanley’s future as an independent, local, mutual Building Society.
Since joining The Hanley David has forged strong links within the local community of North Staffordshire and is actively involved in local business initiatives with a particular interest in the regeneration of North Staffordshire.
In 2007 he was elected to the BSA Council and was invited to be Deputy Chairman in 2009.
David is married with two children, he is a keen golfer, enjoys going to the cinema and is an avid collector of classic movies.
BIOGRAPHY OF PETER GRIFFITHS, CHIEF EXECUTIVE, PRINCIPALITY BUILDING SOCIETY
Peter Griffiths has been Chief Executive of Principality, Wales’s largest building society, since March 2002. He is Chairman of Principality Group companies Peter Alan Ltd, Nemo Personal Finance Ltd and was former Chairman of the CBI Council in Wales.
He previously worked for NatWest, between 1977 and 2000, predominantly in commercial lending and a variety of management roles, including Director Wales – Retail Banking.
His final job before leaving NatWest was Head of Commercial Services – NatWest Group. He moved on to become Chief Operating Officer at Morgan Chambers Plc, a small management consultancy advising on strategic sourcing solutions for IT and business process outsourcing.
Born in Tenby, West Wales in 1958, he is the fifth of eight children, now married to Cerys with four children aged between 14 and 22. His key interests include the family, sport, the cinema and the theatre. In January 2006 he climbed Kilimanjaro, the highest mountain in Africa, and raised £65,000 forHe is a Fellow of UWIC and a Fellow of The Chartered Institute of Management.
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