Kent Reliance appoints new chairman

Malcolm McCaig has been appointed as the new chairman of Kent Reliance Building Society.

McCaig joined the board of Kent Reliance in March 2009.

In addition to Kent Reliance, he holds a portfolio of non- executive directorships in the UK including Unum, Crest Nicholson, Caley, Renaissance Capital, and Barbon Insurance Group. He is an external member of the Audit Committee at the House of Lords.

He is also on the Court of Governors for Glasgow Caledonian University, and on the Board of Management for Glasgow Metropolitan College.

He says: “Kent Reliance has a demonstrable track record of success, both in its recent growth, and its ability to create and leverage cost efficiencies.

“We recognise that current trading environment and market conditions are difficult, but we have the courage to be innovative and we are prepared to take the developmental steps necessary to build a secure future for the society.”

Malcolm was formerly a partner with Ernst & Young, and before that a partner with Deloitte. He has held senior executive positions with Prudential, Cigna and Clydesdale Bank.

He replaces the previous Chairman, Malcolm Mackenzie, who stepped down at the AGM in Rochester this week to take on the role of Senior Independent Director.