FSA confirms societies merger

The Financial Services Authority (FSA) has confirmed the proposed merger of the Chelsea Building Society to the Yorkshire Building Society.


22 March, 2010

Yorkshire Building Society has appointed former Chelsea Building Society director, Roger Burden as a non-executive director with effect from 1st April 2010, when the merger of the two societies takes effect.

Roger, 63, is a former chief executive and chairman of Cheltenham & Gloucester as well as a former chairman of the Council of Mortgage Lenders. He retired from Cheltenham & Gloucester in 2004. He joined Chelsea Building Society's Board on 1st November 2009 as a non-executive Director, when merger discussions between the Yorkshire and Chelsea were well advanced. The Yorkshire Board notified its members that it would consider the appointment of a Chelsea director in the merger booklet issued in December 2009.

Ed Anderson, chairman of Yorkshire Building Society, said "I'm delighted to welcome Roger as a Non-executive Director at the Yorkshire. He has extensive experience in the mortgage industry and will be an asset to our Board. I very much look forward to working with him".




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