Principality Building Society has appointed Richard Wales as commercial lending director.
Wales replaces Peter Hughes after he stepped down to focus on family commitments last September having spent 18 years at the building society.
Wales has worked at the lender since 2012 but prior to this he spent time at HSBC in various management roles for 20 years.
Julie-Ann Haines, chief executive at Principality Building Society, said: “Richard is an excellent appointment with his extensive banking experience, and he has great insight into the expectations of our customers having fulfilled several senior roles within Principality Commercial since joining.
“He has an exciting vision for our commercial business but he’s also acutely aware of the challenges currently faced by our clients brought about by the COVID-19 pandemic.
Principality to appoint first female chair in its history
Sally Jones-Evans is to be appointed the new chair of Principality Building Society s Board in April 2021, subject to regulatory approval. This follows an external search led by the Board s Senior Independent Director, Derek Howell.
Cardiff-born Sally will become the first female chair in the Society s 160-year history and will succeed Laurie Adams who is retiring from the Board next April as part of succession planning. She has been a member of the Society s Board since 2015, including her role as the Chair of the Remuneration Committee.
Sally is a former Lloyds Banking group executive and currently sits on the boards of Hafren Dyfrydwy Ltd (a subsidiary of Severn Trent Plc), Saga Services Ltd, the insurance broking arm of Saga Group Plc and Delio Wealth Ltd, a Welsh fast growing fintech company. She also serves as a Trustee of Tearfund, the humanitarian and overseas development charity.
Principality Building Society is set to appoint Sally Jones-Evans (pictured) as chair of its board in April 2021, subject to regulatory approval.
Cardiff-born Jones-Evans will become the first female chair in the Society’s 160-year history and will succeed Laurie Adams who is retiring from the board next April as part of succession planning. She has been a member of the Society’s Board since 2015, including her role as the chair of the remuneration committee.
Jones-Evans is a former Lloyds Banking group executive and currently sits on the boards of Hafren Dyfrydwy Ltd (a subsidiary of Severn Trent Plc), Saga Services Ltd, the insurance broking arm of Saga Group Plc and Delio Wealth Ltd, a Welsh fast growing fintech company. She also serves as a trustee of Tearfund, the humanitarian and overseas development charity.