News release

Embargo until 7am 08.01.20

Principality appoints Chief Operating Officer to its Board

Principality Building Society has appointed Iain Mansfield to its Board of Directors, pending regulatory approval.

Iain joined the Society's subsidiary business Nemo Personal Finance as Finance Director in January 2015. He was then appointed as Chief Operating Officer at Principality Building Society in October 2017 in addition to continuing to have overall responsibility for Nemo. He is a qualified Chartered Accountant and has more than 15 years' experience gained in senior leadership roles across large banks, start-up businesses and private equity in retail financial services businesses.

Iain said of his appointment: "I'm proud to be joining the Board at Principality Building Society. We are growing from strength to strength as a business and I look forward to continue to work closely with the Board and executive team in helping to deliver our ambitious and exciting transformation agenda across our core mortgages and savings business."

Laurie Adams, Chairman of Principality Building Society, said:

"I'm delighted that Iain has joined our Board. We strongly believe in growing and developing our colleagues at all levels. Iain is a valuable member of our executive team with great experience across the business, most notably his leadership in delivering technology and change related aspects of the Society's business. His work will help to provide better customer service for our Members in the long term."

To find out more, visit www.principality.co.uk

Notes to Editors

·      Formed in 1860, Principality is Wales's largest building society.

·      The Society is committed to supporting the communities of Wales, with 53 branches and 17 agencies in Wales and the borders.

·      Principality is the 6th largest building society in the UK.

·      The Society has assets of £10.1 billion.

·      Principality is committed to remaining a mutual organisation.

·      www.principality.co.uk

For more information please contact:

Bethan Jones
Working Word PR
02920 455182
bethan.jones@workingword.co.uk