FOLLOWING a 10-year term, with five years at the helm, Raymond Abbott will retire as Chair of the Scottish Building Society towards the end of the year. During his time at the Society, he has helped the organisation to navigate through unprecedented economic challenges to achieve record growth and profitability.
The Society is pleased to announce Ian Wilson as his successor, subject to regulatory approval. Wilson brings a wealth of experience from across the financial services sector from his stellar 40-year career in the industry.
Having enjoyed senior management positions at high street banks, challenger banks and building society sectors, Wilson also has excellent knowledge of the growing fintech sector, working with neo banks such as Monzo, Revolut and Copenhagen-based, Kompasbank.
With a diverse blend of skillsets and with specialisms including strategy development, commercial business management, and risk and change management, Wilson will support Scottish Building Society to enhance its offering to members and grow safely and sustainably as it looks ahead to its 175th anniversary in 2023.
Scottish Building Society is the world’s oldest remaining building society with a proud heritage stretching back to 1848, and continues to operate as a mutual organisation, owned by and run for the benefit of its members.
Ian Wilson said: “I am very much looking forward to joining the team at Scottish Building Society and continuing in Raymond’s footsteps to build a positive future for the organisation. My experience across financial services and fintech firms will complement the ambitious growth trajectory mapped out by senior management at Scottish Building Society.”
Paul Denton, CEO at Scottish Building Society, said: “I would like to thank Raymond for his contribution over the last ten years. His presence and passion will be greatly missed, but Ian is a worthy replacement. He is a well-respected figure in the UK’s financial services sector and we are incredibly pleased to welcome him on-board.”
“His appointment is timely as Scottish Building Society embarks on an exciting new chapter as we shape the future of the organisation, whilst remaining true to our purpose and providing flexible, personal and reliable services and products to our valued members.”