Scottish Building Society appoints new director

Scottish Building Society today announced the appointment of Margaret MacKay to its board of directors.

Ms MacKay, who began her career with banking giant HBOS before moving to Peel Ports where she rose to the role of managing director in Scotland and Ireland, has over 36 years’ experience in PLC, AIM listed and family owned businesses.

She also has a masters degree in human resource management and is a fellow of the Chartered Institute of Personnel and Development.

She also has a postgraduate diploma in marketing and is currently a Trustee of the John Mather Charitable Trust.

With around 30,000 members, the Society has mortgage assets of £311.3 million and savings balances of £365 million. The Society reported a pre-tax profit of £1.27 million in the last financial year.

Scottish Building Society Chief Executive Mark Thomson said: “Margaret joins the board at a pivotal time in its long history as we move forward with our digital strategy. She brings a wealth of business leadership experience and her skills in human resources and marketing will be extremely valuable as we shape the Society’s future. I look forward to working with her.”

Ms MacKay added: “Scottish Building Society has an admirable, customer focused business model that has delivered solid growth for its members, and retains a unique place in the history of financial services in Scotland. I’m delighted to be one of the custodians of the Society’s future and look forward to meeting many of its members.”

Established in 1848, Scottish Building Society is Scotland’s only independent building society and the UK’s oldest. The Society has 6 branches and 61 agency offices in communities across Scotland.