David Webster. chief executive of the Hanley Economic Building Society has been elected as chairman of the Building Societies Association.
With immediate effect he replaces Peter Griffiths, chief executive of the Principality Building Society, who has held the post for the past year.
At the same time, David Cutter, group chief executive of the Skipton Building Society takes on the role of BSA’s deputy chairman.
Webster says: “This next year will clearly be a challenging one with uncertainties such as the fate of the Euro still hanging in the balance. That said, mutuals have made a good start to the year bucking the lending trend for the sector as a whole and filling the gap that is being left by the retrenchment of some of the big banks.
“Our ability to continue to do this would be helped, were the regulator and government to align their currently conflicting agendas of prudence with regulation and lend and grow.”