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Skipton BS appoints Ian Cornelius as interim group chief executive

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  • 04/04/2022
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Skipton BS appoints Ian Cornelius as interim group chief executive
Skipton Building Society has selected Ian Cornelius (pictured), most recently the lender's commercial and strategy director, as interim chief executive following the departure of David Cutter in April.

 

Cornelius will take on the role from 26 April, with Cutter due to step down on 25 April.

It was announced in January this year that David Cutter would step down as group chief executive at the mutual’s AGM in April.

Cutter had been the mutual’s group chief executive for 13 years, and spent 30 years at the business overall.

Cornelius was appointed to the board in 2012, and in his role as commercial and strategy director he oversees implementation of the mutual’s proposition and development of products and services.

Prior to working at Skipton BS, he was commercial director at HML for nearly two years and before that director of banking at Virgin Money for just over a year. He has also held roles at Bradford and Bingley and Capital One Bank.

Skipton Building Society said that it was still in the process of “recruiting a high calibre permanent successor”, who had the “skills and capability to lead a complex and diversified business”.

The mutual reported a 20 per cent annual rise in its gross mortgage lending, which came to £5.4bn in 2021. Its mortgage balance also grew by 6.8 per cent in 2021, which is slightly down from 8.6 per cent growth the year before.

Skipton Building Society’s results also showed growth in first-time buyers and buy-to-let mortgage segments.

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