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Chairman: Marcus Daly

Marcus Daly


Marcus Daly was appointed to the Board in December 2005 and was appointed Chairman in April 2013.

He was educated at Stonyhurst College and then at St Phillip's Grammar School in Birmingham. He is a Chartered Accountant, formerly a partner in a local Midlands firm and now Finance Director of Real Estate Investors PLC, an AIM listed property investment company.

He is also Chairman of the Nominations Committee.

Vice Chairman & Senior Independent Director: David Bassett

David Bassett

Vice Chairman & Senior Independent Director

David Bassett joined the board in 2008. Born in Scarborough, his family moved to the Midlands in 1962.

He was educated at High Arcal Grammar School, Sedgley, where he later became a Governor.

David is an Associate of the Chartered Insurance Institute, and a member of the Personal Finance Society.

He is an independent consultant in the commercial finance and mortgage industry, a partner in a business consultancy practice and is involved with sport in the Black Country at board level.

Non-Executive Director: Andrew Higgins

Andrew Higgins

Non-Executive Director

Andrew Higgins was appointed to the Board in May 2012.

He is a Chartered Accountant with a background in audit and advisory services.

In 2010 he retired from KPMG after a career spanning 33 years (22 years a partner) in the UK and overseas.

He has experience of working with a variety of commercial and not-for-profit organisations, with a particular emphasis on the financial services and housing sectors.

He is Chairman of the Audit & Compliance Committee and is a member of the Assets & Liabilities and Risk Committees.

Non-Executive Director: Gavin Loynes

Gavin Loynes

Non-Executive Director

Gavin Loynes was appointed to the Board in 2011.

He is a Consultant Chartered Surveyor with Bruton Knowles a national firm of property consultants of which he was an equity partner for over 10 years.

Gavin is also a director of Charles Edwards Property Consultants Ltd, a RICS registered valuer and a member of the Royal Institution of Chartered Surveyors.

Having worked in the West Midlands since qualifying, he has gained a detailed understanding of property matters within the area.

He is the Chairman of the Remuneration Committee and is a member of the Audit & Compliance Committee.

Chief Executive: Richard Newton

Richard Newton

Chief Executive

Richard Newton joined the Society in 1991 as an Administrative Assistant.

He qualified as a Chartered Certified Accountant in 2001 following his appointment as Finance Manager, he was appointed to the Board in July 2011, and is the former Finance Director of the Society.

He was appointed Chief Executive in December 2013 and is the Chairman of the Assets & Liabilities Committee and a member of the Nominations Committee.

Non-Executive Director: Keith Rolfe

Keith Rolfe

Non-Executive Director

Keith Rolfe was appointed to the Board in June 2015.

He has extensive risk management experience gained from front line risk roles in leading global financial institutions, latterly in an executive role within Barclays Corporate as Chief Credit Officer. He has also worked for UBS AG in roles including Director, Risk Management and at Credit Suisse in roles including Credit Risk Manager.

He is a Board Member and Vice Chairman of Rooftop Housing Group.

He is Chairman of the Risk Committee and is a member of the Assets & Liabilities Committee.

Non-Executive Director: Sara Shepherd

Sara Shepherd

Non-Executive Director

Sara Shepherd joined the Board in May 2012.

Sara grew up in the Midlands, and attended Lady Manners School in Bakewell, Derbyshire.

She trained as a Solicitor in Nottingham before relocating to the West Midlands to join the legal department of Birmingham Midshires Building Society in 1995.

Sara then spent nine years as a property lawyer in Birmingham City Centre law firms, and has been a partner at Higgs & Sons, Solicitors in Brierley Hill since 2007, specialising in commercial property law.

She is a member of the Audit & Compliance, Remuneration and Risk Committees.