Jeremy Wood has been made interim CEO of OneSavings Bank Plc, subject to FSA approval.
This follows the resignation of Mike Lazenby at the end of last month.
OneSavings Bank Plc is jointly owned by Kent Reliance Provident Society and J C Flowers & Co.
Wood has held a number of senior posts at the Nationwide Building Society over the past twenty years, most recently as divisional director of customer operations.
Bob Scruton, who has been fulfilling the role of interim CEO will return to his duties as finance director of OneSavings Bank.
Malcolm McCaig, chairman of OneSavings Bank said: “Jeremy brings with him a wealth of experience that will help us develop the business. We have a solid foundation for growth and Jeremy will oversee the next stage of our development while we continue the search for a permanent CEO.”””