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Corporate Governance

Corporate Governance - About the Board

Teachers Building Society is a mutual organisation, with a Board of Directors elected by its members. The directors stand for re-election at the Society’s Annual General Meeting at least once every three years.

Julie Nicholson

Chair

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Julie joined in March 2018 and was appointed as Chair to the Board of Directors in April 2018. Julie has been a Non-Executive Director at Reliance Bank Limited for the past three and a half years and is currently Deputy Chair of the Board and Chair of the Audit, Risk & Compliance Committee.

Julie brings over 25 years’ experience of working within financial services having qualified as a Chartered Accountant with KPMG and worked in their audit and risk advisory services practices prior to moving to Barclays Bank PLC where she held several Executive roles in the Finance and Governance areas.

Simon Beresford

Chief Executive Officer

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Simon was appointed Chief Executive Officer and joined the Board in February 2017. He previously held a number of senior positions at Nationwide Building Society including Branch Network Director, Managing Director Personal Loans and Head of Mortgage Administration.

More recently, at BlackRock as Chief Administration Officer in the Retail business and prior to that, Chief Operating Officer for the UK Pensions business. He holds an MBA from Henley Business School, a Diploma in Management Studies from Oxford Brookes, as well as qualifications in mortgages and financial planning. He believes the Society is well placed to thrive and grow by helping more teachers to own their homes. As a focused mutual organisation, its strength lies in offering a distinctive mix of deep sector expertise and a track record of personal service, delivered by a team who are passionate about their customers.

Ian Grayson

Non-executive Director

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Ian joined the board in July 2015. He has over 25 years of experience as a secondary school teacher in Newcastle upon Tyne and he still works in the school on a part time basis. He served as District Secretary of Newcastle upon Tyne National Union of Teachers for over 15 years and was a member of the NUT National Executive for 10 years where he was Chairperson of one of the NUT’s main committees.

Ian is still an active member of the National Education Union. He has a track record of representing teachers’ interests and he will continue to work to help teachers, particularly young teachers, own their own home. Ian strongly supports the Society’s mutual principles and believes in ensuring its members get good quality services.

Andrew Lee

Non-executive Director

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Andrew joined the Board in March 2014 and is an experienced Board Executive and currently a CEO in the Co-operative Group. Previous positions include senior executive roles at Lloyds Corporate Bank and Alliance & Leicester.

He believes that Teachers Building Society is an example of what a specialist, mutual lender can offer its members and that, with a reputation for providing an excellent level of service and passionate staff, it is well placed to flourish.

Paul Winter

Non-executive Director

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Paul joined Teachers following his retirement as CEO at Ipswich Building Society at the end of 2016. He led the Ipswich through the financial crisis during which time it grew strongly and significantly improved its profitability.

A firm believer in the unique role of mutuals, Paul developed a strategy to build a strong connection between the Society and its members and also an important place in its community. This led to a number of awards for himself and the Society culminating in the award of an MBE in 2015 for his work in helping to develop the skills and employability of young people in Suffolk. Paul is also a Director of the University of Suffolk.                 

Patrick Jarman

Legal Director

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Patrick joined the Board in May 2015 and is an executive director. His areas of responsibility include risk management, compliance, legal matters and governance. Patrick joined Teachers in 2011, having spent most of his career in the aerospace industry where he held a number of senior commercial and legal positions. Prior to that, he worked in mergers and acquisitions, and commercial law in the City, having qualified as a solicitor.

Patrick is committed to maintaining the Society’s traditions of integrity and high ethical standards and believes that a mutually owned building society is uniquely placed to ensure the fair treatment of borrowers and savers alike.             

Malcolm Himsworth

Non-Executive Director

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Malcolm joined the board in November 2018. He has been on the board of CAF Bank since 2016 where he is Deputy Chairman and Chair of the Audit Committee. He is also a member of the Audit, Risk and Compliance Committee of the Charities Aid Foundation. In 2019, Malcolm was appointed to the board of RCI Bank UK and chairs the Board Risk Committee.

Malcolm brings over 30 years experience of working in financial services having qualified as a Chartered Accountant with Coopers & Lybrand. He has worked for National Australia Bank, NatWest and Barclays where he held leadership roles in audit, risk and compliance. Malcolm is committed to ensuring the Society maintains a high standard of integrity and believes that a mutually owned building society, providing a high calibre service and moving positively with the times, can prosper for the benefit of its members.                  

Rajesh Patel

Finance Director

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Rajesh joined Teachers in 2019 with a wealth of experience in the building society sector, having served as Finance Director of Buckinghamshire Building Society for nine years. Rajesh was also previously Country Financial Controller at Citibank based in the Channel Islands.

Rajesh is committed to building on the unique mutual model, providing long term value to our members through innovative products and services to the teaching profession and the wider membership and building on the strong positive culture at Teachers Building Society, as well as contributing to the local community.

Terms of Reference of Board Committees

Copies of the Terms of Reference for the Audit and Risk Committee, Nomination Committee and Remuneration Committee are available free of charge on request.