Newbury Building Society hires non-executive director

He is expected to boost the board's expertise with his broad range of experience

Newbury Building Society hires non-executive director

Newbury Building Society has announced the appointment of Nailesh Rambhai (pictured) as a new non-executive director to its board.

Rambhai is currently a non-executive director at several organisations, including the Pension Protection Fund, UCL Hospital, and Birmingham Women’s and Children’s Hospital. He is also a trustee of the charity United Way UK, a network of over 1,800 non-profit fundraising organisations.

He graduated with a law degree from the University of Oxford in 1995, and has since practiced law at Linklaters LLP, and McDermott Will & Emery LLP. He then joined Coventry Building Society, where he was group general counsel and company secretary.

Speaking about his appointment, Rambhai said he was delighted to be joining Newbury “with its positive and collegiate people culture.”

“The society’s strong social purpose is consistent with my values and the other organisations with which I am involved,” he added. “With every decision I will be keeping the long-term interests of the society’s members and the communities which it serves at the front of my mind.”

Phillippa Cardno, chief executive at Newbury Building Society, commented he was pleased that Rambhai had joined the mutual as a non-executive director.

“His appointment will further strengthen the board’s expertise with his broad range of experience as a non-executive director in a variety of sectors,” Cardno said. “I warmly welcome Nailesh, and look forward to working with him as we approach a new financial and strategic year at the society.”