Scottish Building Society Announces New Board Appointments

Sept. 19, 2013 - PRLog -- A chartered accountant by profession, Raymond worked in private equity and investment for over twenty years.  As former managing director of Alliance Trust Equity Partners he was responsible for strategic development. Previously he founded the UK venture investor Albany Ventures and prior to that was Director of Investment at British Linen Bank. Raymond also serves as a non-executive director of Foresight 4 plc, Galleria Holdings Limited and Essex Services Group plc.  He therefore brings a wealth of financial experience to the board.

Jack Ogston is a Fellow of the Chartered Institute of Bankers in Scotland, having spent 36 years in management positions with Clydesdale Bank, latterly as Head of Corporate & Structured Finance in Scotland.   He has significant board and lending experience and is currently an advisor to Davidson Chalmers Solicitors, Maven Capital Partners and Kingdom Taverns.

Commenting on the appointments, Alexa Henderson, Chair of the Scottish Building Society said;

“I’m delighted that we have attracted two new non-execs of such calibre to the Scottish Building Society.  Their financial and board experience will further strengthen our board as we push forward with our strategy for the benefit of the Society’s members.”

The Society, which merged with the Century Building Society on 1 February 2013, has assets of some £388 million, a mortgage book of £277 million and a network of 67 branch offices and agencies throughout Scotland.

/ENDS