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Golbourn takes chair at Scottish Building Society

Robert GolbournScottish Building Society has appointed Robert Golbourn as chairman, replacing Alexa Henderson who has stepped down after four successful years. She will continue to serve as a non-executive director on the board.

Raymond Abbot, who joined the board in 2013, replaces Mr Golbourn as vice chairman and senior independent director.

Mr Golbourn joined the board in 2006 and is a fellow and former member of council of the Chartered Institute of Bankers in Scotland. He retired as managing director of Scottish Widows Bank in 2003 after nine years, and prior to that had a long career with Clydesdale Bank.

Commenting on his appointment Mr Golbourn said: “I am honoured to become chairman of Scotland’s only independent building society, which is one of the world’s oldest mutual organisations. Scottish Building Society has a proud history of putting the interests of our members first, helping people to buy their own homes, and of being a strong part of the communities it serves across Scotland.

“We are financially stable and have a strong balance sheet, and I look forward to continuing to work with my fellow board directors to ensure a sustainable future that delivers long term value for our members. I am delighted that Alexa has agreed to remain a member of the board and would like to publicly acknowledge her major contribution to the Society’s successes.”

This year Scottish Building Society announced profits before tax of £2.1 million, compared with £1.6m in 2013-2014, and has total assets of some £377.6m.

The board now comprises Robert Golbourn (chair), Raymond Abbot (vice chair and senior independent director), David Peebles, Jack Ogston, Simon Pashby, Jim Coyle, Alexa Henderson and Mark Thomson.

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