The Building Societies Association has announced the appointment of Mike Regnier as its new chair.
Regnier is the chief executive of Yorkshire Building Society and previously held the position of deputy chair at the BSA.
Prior to Yorkshire Building Society he has worked at TSB Bank, Lloyds Banking Group, and Halifax.
He has also worked in retail at Asda and as a management consultant for Boston Consultancy Group.
The new appointment will see Regnier replace Stephen Mitcham who is the chief executive of Cambridge Building Society.
Mark Bogard, chief executive of the Family Building Society, has been appointed deputy chair of the association.
In addition, the term of office for the BSA chair and deputy chair has been extended from 12 months to two years.
Regnier comments: “I am very pleased to be taking on the role of BSA chair during this exciting yet challenging time.
“As building societies do the vast majority of their business in the UK, they are insulated from many of the consequences of Brexit, but not from economic uncertainty or adverse consumer confidence.
“Clarity and resolution are much needed for businesses and consumers alike.”