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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



Julie joined in March 2018 and was appointed as Chair to the Board of Directors following the Annual General Meeting (AGM) on 26 April 2018. Julie has been a Non-Executive Director at Reliance Bank Limited for the past two 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. As Managing Director for Barclays Governance and Control, Julie was responsible for the day to day oversight of the Group’s internal governance and control agenda.

Simon Beresford

Chief Executive


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.

Alexandra Pike

Non-executive Director

Alexandra Pike

Alex joined the Board in November 2012 and has extensive marketing experience at Board level within private equity and publicly listed consumer sector companies. She was previously Global Brand Vice President for Unilever plc and led the growth of the then private equity backed "Simple" skincare brand. Prior to that, Alex spent over 15 years in the retail/leisure industry, and was Marketing Director of Esporta and Fitness First. She was also MD of integrated advertising agency, Hare Carding Communications, for 6 years. She has a strong interest in public services and is a former Senior Independent Director of the Royal Bournemouth & Christchurch NHS Foundation Trust as well as former Chairman of Patient Experience & Communications and Organ Donation. Alex is a supporter of mutuality and believes her wide experience in the consumer retail sector will help to provide a focus on customer needs in Board discussions. She also has a strong belief in open, honest and clear communication between the Society and its members and potential customers.

Ian Grayson

Non-executive Director

Ian Grayson

Ian joined the board in July 2015. He has over 25 years of experience as a secondary school teacher in Newcastle upon Tyne and is an active member of the National Union of Teachers (NUT). He is currently the Newcastle NUT Association Secretary and National Executive member for Tyne and Wear. He also chairs one of the NUT's main committees.

Andrew Lee

Non-executive Director

Andrew Lee

Andrew joined the Board in March 2014 and is an experienced Board Executive and currently a CFO 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


Paul join​ed 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. 


Patrick Jarman

Legal Director

 Patrick Board Head Shot

Patrick joined the Board in May 2015 and is an executive director. His areas of responsibility include legal matters, as well as oversight of regulatory compliance and risk management. Patrick is a solicitor and began his career in a City law firm, specialising in mergers & acquisitions and commercial law. In 1993, he moved out of private practice into industry and, over the following 18 years, held a number of senior commercial and legal positions in the aerospace sector. Patrick joined Teachers in 2011 as the Society’s solicitor. ​He 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. Patrick is also a non-executive director of the Diocese of Salisbury Academy Trust, a multi-academy trust of 15 schools across Dorset and Wiltshire.


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 Chair of the Audit Committee and is a member of the Audit, Risk and Compliance Committee of the Charities Aid Foundation. He recently served as non-executive director and Chair of the Audit, Risk and Compliance Committee at Holmesdale Building Society. 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 several leadership roles in audit, risk and compliance. He also held senior governance roles at Aviva, Abbey National, Resolution, Barclaycard and RBS.

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.                

Paul Marsden

Finance Director

 Paul M-3

Paul joined Teachers in 2017 and brings a wealth of experience in the building society sector, having served as Chief Executive of Harpenden Building Society for nine years and as Finance Director for the six years preceding that. Paul was also previously a Managing Director at Bank and Clients PLC, a newly formed challenger bank in the City. While at the Harpenden, Paul was also a director at St Albans District Chamber of Commerce, was Vice Chairman of Mutual Vision Technologies Ltd and a member of the Lending Strategy and Practices Panel at the Council of Mortgage Lenders. Paul says, “I’m very excited about the opportunity at Teachers to help continue to build on the unique mutual model, providing fantastic products and services to the teaching profession and the wider membership.”

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.