21 August 2017

Principality announce Tom Denman as Chief Financial Officer

Principality Building Society has formally appointed Tom Denman as Chief Financial Officer after he received approval from the Prudential Regulation Authority.

Following the appointment of head-hunters Odgers Berndtson, Principality conducted a thorough external market search with the final candidates put through a rigorous series of assessments with a number of interview panels.

Steve Hughes, Chief Executive at Principality Building Society said: “I’m proud to announce the promotion of Tom Denman to Chief Financial Officer, following a rigorous recruitment process. Tom will work alongside me to provide strong financial leadership to the board and the wider business. He’ll be responsible for ensuring profitable growth, strong financial control, driving cost efficiency and maintaining our strong capital and liquidity position.

“Since joining the Society he’s been instrumental in driving and implementing successful strategies within our finance function including finance business partnering, product pricing improvements, financial planning and modelling. He has both the technical experience and leadership capability to complement our senior leadership team. Above all, Tom has a strong understanding of what it means to be a mutual and to put our Members and customers’ interests first.”

Tom has held a number of roles with the Society following his initial arrival to the Group in 2009, most recently as Deputy Finance Director.

Tom said: “I’m thrilled to be joining the executive committee and board at such an exciting time of investment and development in the Society. I’m a huge supporter of our brand and I believe we have many strengths as well as opportunities - I look forward to making the most of these in the future.”

Published: 21/08/2017

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