Scottish Building Society appoints new finance director

Scottish Building Society, the world’s oldest building society and Scotland’s only independent building society has strengthened its senior management team with the appointment of Aileen Brown as finance director, a newly created role.

Ms Brown joins chief executive Mark Thomson as the second executive director on the board, underlining the society’s commitment to good governance and delivering long term value to members.

A member of ICAS, Aileen brings broad experience at board and senior management level to the role. Most recently she was interim finance director at Scottish Friendly and prior to that was group chief financial officer with Braveheart Investment Group plc.

She has held Board level positions in a variety of sectors and worked in corporate finance and professional services including five years with Ernst & Young.

Mr Thomson said: “Aileen is a welcome addition to the senior management team, and to the board. With her strong background in all elements of strategy and finance, previous experience with a mutual organisation, and a proven leadership ability we are confident she will make a valuable contribution to the effective running of the society on behalf of our 33,000 members.”

Established in 1848, SBS has assets of £388.9 million, mortgage assets of £286.1 million, savings balance of £342.1 million and reserves of £31.5 million.

Last year it reported a pre-tax profit of £1.3 million after investments in member loyalty initiatives.

The Society employs 71 members of staff and has 6 branches and 62 agency offices across Scotland.

www.scottishbs.co.uk