UK Finance has announced the appointment of Charlotte Crosswell, CEO, Innovate Finance, and Mark Parsons, CEO and executive director, Coventry Building Society, to its board.
Following his retirement as chief executive of Leeds Building Society, Peter Hill has also announced his resignation from the UK Finance board and its mortgage product and services board.
Hill was previously on the board of the Council of Mortgage Lenders, one of the six bodies which merged to create UK Finance, and also part of the interim board which oversaw the banking and finance organisation come into being.
Bob Wigley, chair of UK Finance, said: “Technology is rapidly changing the landscape of the banking sector and the way in which financial firms operate. Charlotte’s expertise in the fintech arena, combining technology with more traditional banking channels, alongside Mark’s broad-ranging experience across the retail banking sector, adds significant expertise to the UK Finance board.
“As the trade association for the banking and finance industry, we champion a thriving industry which acts in the best interests of consumers, businesses and wider society. The board looks forward to working with both Charlotte and Mark to continue promoting a strong and representative banking and finance sector that underpins a healthy national economy.
“And, as we welcome new representatives, we would also like to express our gratitude to Peter Hill who is stepping down following the announcement of his retirement as chief executive of Leeds Building Society. Over the last few years, Peter has made a significant contribution to the mortgage industry – as a board member of the former Council of Mortgage Lenders as well as being a member of the interim board which was responsible for the creation of UK Finance. In the last 18 months, he has played a critical role in the development and success of UK Finance alongside his fellow board members and we will miss him and his valuable contribution.”
Crosswell said: “We are seeing an increased cross-pollination between the technology and finance sectors and the resulting innovation drive is impacting financial services every day. I am excited to help UK Finance reflect on the role of fintech and the changing face of financial services, as the future will increasingly be dependent on the growth and interaction of these non-traditional areas.”
Parsons added: “I’m delighted to be joining the UK Finance board. Financial services are changing rapidly as new ideas and technologies bring new ways of working. We must not lose sight of what matters to our customers and ensure that we provide the value, service and security they need.”