Yorkshire Building Society has appointed Richard Bowles as Chief Risk Officer to lead its compliance, risk and legal teams, ensuring the Society continues to be a well-governed home for members’ savings and mortgages.
Richard joins from Coventry Building Society, where he was Chief Risk Officer. His career in financial services spans 20 years, having worked in various risk roles at many of the major banks, including Lloyds, TSB and Barclays.
The appointment comes as Richard Wells, who has been with the Society since 2010, prepares to retire in the spring. Richard Bowles’ appointment is subject to regulatory approval.
Susan Allen, chief exec at Yorkshire Building Society, said: “We’re delighted to welcome Richard to the organisation. He is a forward-thinking and commercially-focused Chief Risk Officer, with broad experience and a proven track record for delivering major transformation.
“At a time when our risk function is looking to develop and deliver major change, his knowledge and experience will be invaluable to ensuring the next chapter of our success
Richard Bowles said: “Living in Yorkshire and having worked in financial services all my professional life, I’ve always taken a keen interest in the successes of Yorkshire Building Society, an organisation with a strong brand and heritage.
“I’m looking forward to driving the organisation’s risk strategy and playing a key role in continuing to provide a top-class function for our colleagues and customers.”