Martin Stewart has left the Prudential Regulation Authority (PRA) to join Coventry Building Society’s board as a non-executive director and chair of the board risk committee, starting on 1 September 2018.
He will be leaving his role of director banks, building societies and credit unions at the PRA.
Over the last eight years Stewart has led the redefinition and implementation of the UK’s post-financial crisis prudential regulatory regime, initially as head of UK banks and mutuals and then as director banks, building societies and credit unions at the PRA.
Gary Hoffman, chair of Coventry Building Society, said: “I am delighted to announce Martin’s appointment as non-executive director of Coventry Building Society.
“He is a leading figure in UK financial services with extensive business experience and a successful career at the UK’s prudential regulator.
“He combines his deep understanding of regulatory and commercial matters with a leadership style based upon values of honesty, trust and integrity.
“These values are very much the values of Coventry Building Society, and are why Martin will be such a fantastic addition to our board.”
“His expertise will be invaluable as the Society continues to grow and develop for the benefit of our members.”
Stewart said: “I’m very excited to join Coventry’s board. The Society stands out for its record of putting members first and looking after its employees, as shown recently when it became a Times Best 100 Companies to Work For 2018.
“I look forward to working with my Board colleagues and the Society’s employees to maintain this proud record.”