Dick Jenkins, Chief Executive of Bath Building Society, has been elected Deputy Chairman of the Building Societies Association. He will take up this post immediately, becoming Chairman in November 2015 when David Cutter - current Chairman and Group Chief Executive of Skipton Building Society - steps down.
Commenting on his election, Dick Jenkins said:
“I am a huge fan of the Building Societies Association, so I am delighted that I have the opportunity to be Deputy Chairman, and Chairman later in the year. Building societies are not into glitz or gimmicks – but we are into personable service, a flexible approach, innovative products and going the extra mile for our members.
“This next year is going to be a challenge. But when is it not? The sector has just had a brilliant year, and there is much to be cheerful about. 2014 results have been overwhelmingly positive and we are punching well above our weight in terms of lending. Digital and product innovation is on the rise and members are at the forefront of our business decisions – as they should be.
“I look forward to promoting the building society cause on a local and national level to parliament, the media, stakeholders and opinion formers over this next year. Hopefully it will be a year in which difference is celebrated and diversity is championed.”
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Notes to editors
1. Photographs of Dick Jenkins and David Cutter are available from the BSA press office, www.bsa.org.uk or Headlinemoney www.headlinemoney.co.uk.
2. Biography of Dick Jenkins, Chief Executive of Bath & Investment Building Society
Upon leaving University in 1979, Dick entered the advertising industry as an account planner, developing the briefs for campaigns from research data. In 1981 Dick became a market researcher with AGB (now TNS) and worked on the consumer panels charting dynamics in FMCG, durable goods and personal purchases. Switching to retail consultancy in 1989 with Management Horizons, Dick operated and revitalised the Research function of the consultancy.
In 1993 came a change in career direction with a move to Bristol & West where Dick ran the Central Mortgage Services arrears and underwriting operations. The merger with the Bank of Ireland created an opportunity for Dick to become managing Director of Bank of Ireland Mortgages with a (then) £4bn book, based in Reading. Dick went on to join the Executive team at Bristol & West as Director of Organisation Development where responsibilities included strategy and human resources. Dick joined Bath Building Society in 2003.
In his time with Bath Building Society Dick has taken the Society through the financial crisis and subsequent recession to become one of the sector's most successful and distinctive Societies.
Dick's passions include country music (listening and playing), gardening, playing golf badly and family.
3. Biography of David Cutter, Group Chief Executive of Skipton Building Society
David has been Group Chief Executive of the Skipton for the past five years, with a further 16 years experience at the Society as Head of Audit and the Chairman of a number of Society Board committees. Before this he had a successful career as a Chartered Accountant and is also a former international hockey player.
Since becoming Group CEO of the Skipton, David has successfully and profitably, navigated the Society, through one of the worst global financial crises on record. At the same time, he has maintained its focus as a customer-centric mutual organisation endeavouring to meet borrowing and savings members’ evolving needs in these difficult times. He was Deputy Chairman of the Building Societies Association (2012-13).
Looking to the future, David’s aspiration is to consolidate Skipton’s position as a leading UK building society which is trusted and valued by its customers and an enjoyable place to do business – whether as a customer or as an employee.
4. The Building Societies Association (BSA) is the voice of all 44 UK building societies and two credit unions. Building societies have total assets of over £330 billion and, together with their subsidiaries, hold residential mortgages of over £250 billion, 19% of the total outstanding in the UK. They hold almost £240 billion of retail deposits, accounting for 19% of all such deposits in the UK. Building societies account for about 28% of all cash ISA balances. They employ approximately 39,000 full and part-time staff and operate through approximately 1,550 branches