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Addition to team

Brown takes new role at Scottish Building Society

Aileen BrownScottish Building Society has strengthened its senior management team with the appointment of Aileen Brown as finance director, a newly created role.

Ms Brown joins chief executive Mark Thomson as the second executive director on the board, underlining the society’s commitment to good governance and delivering long term value to members.

A member of ICAS, Ms Brown was interim finance director at Scottish Friendly.  Prior to that she was group chief financial officer with Braveheart Investment Group. She has held board level positions in a variety of sectors and worked in corporate finance and professional services including five years with Ernst & Young.

Mr Thomson said: “Aileen is a welcome addition to the senior management team, and to the board. With her strong background in all elements of strategy and finance, previous experience with a mutual organisation, and a proven leadership ability we are confident she will make a valuable contribution to the effective running of the society on behalf of our 33,000 members.”

Established in 1848, Scottish Building Society is the world’s oldest building society and Scotland’s only independent building society. 

It has assets of £388.9 million, mortgage assets of £286.1m, savings balance of £342.1m and reserves of £31.5m.

Last year it reported a pre-tax profit of £1.3m after investments in member loyalty initiatives.

 

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