18 July 2014
Principality appoints new Group Chief Operating Officer
Alan Jarman, the former CEO of HSBC in Wales and Poland, has joined Wales’ largest building society as Group Chief Operating Officer.
Originally from Montgomeryshire, Alan will join Principality Building Society in July, after a 28 year career with HSBC Group in a number of senior roles spanning 10 different markets in Europe and the Middle East.
He has worked in a variety of banking disciplines including Retail & Corporate, Operations, Risk and Audit and previously worked at Midland Bank.
Latterly, Alan was CEO of HSBC’s operations in Wales and Poland, before moving to Oman to integrate a recent acquisition as General Manager Retail Banking & Wealth Management.
In his new role as Group Chief Operating Officer, Alan will take executive responsibility for Principality Commercial, Human Resources, Procurement, Legal and Secretariat services, Premises and Surveyors and replaces Guy Thomas, who has taken over as Chief Executive Officer of Principality subsidiary Nemo.
The 46-year-old said: “I am delighted to be joining Principality, a business with such a strong Welsh brand and community ethos. The Society’s independent mutual model has stood it in good stead throughout turbulent economic times and it is in a strong financial position, having grown its assets to £7 billion, to become the 6th largest building society in the UK. I look forward working in this progressive business and to the challenge of creating further value for Principality Members in the future.”
Alan has also held a number of external roles, including an Advisor to Visa’s CEEMEA board, Chairman of Rewards Management Middle East, Trustee for Kidney Wales, and Chairman of the British Polish Chamber of Commerce.
Graeme Yorston, Principality Group’s Chief Executive, said: “Principality has at its roots a traditional, prudent ethos that is focussed on putting its Members and customers at the heart of the business. Over the last decade the Society has made astounding progress, modernising the way we do business to improve our customer experience and offer the level of service that people demand, whilst maintaining the financial security necessary to deliver this.
“Alan brings a wealth of experience to the Society and I am delighted to welcome him to Principality to help lead and grow the Society over the next few years.”
Alan lives in Shrewsbury with wife Sue and son, Sion, aged eight.