Mansfield is a qualified chartered accountant with almost 20 years’ experience in a wide range of senior leadership roles across financial services, most recently as chief operating officer.
He joined Principality in 2015 as finance director of Nemo Personal Finance and became a board member in 2019. In addition to overseeing the finance department, Mansfield will continue to have responsibility for the commercial lending, Nemo Personal Finance, strategy and architecture teams within Principality.
He succeeds Tom Denman, who is leaving the business after 13 successful years to explore other opportunities.
Principality was formed in 1860 and is Wales’s largest building society with 53 branches and 14 agencies in Wales and the borders; it is the 6th largest building society in the UK and has assets of almost £11bn.
Julie-Ann Haines, chief executive at Principality, said: “I’m pleased Iain has agreed to accept the newly expanded chief financial officer role. Iain has become a valuable member of the executive team and board during the past seven years and has been instrumental in overseeing transformation initiatives, while ensuring we continue to provide fantastic service to our customers and members.”
She added: “It is an important time for the business as we refresh our strategy and purpose to make sure we are relevant for current and future members of Principality. I would also like to thank our outgoing CFO Tom Denman as he leaves the business after 13 very successful years at Principality.”
Mansfield said: “I am looking forward to continuing to work with our board, executive team and colleagues to progress our purpose-led strategy. Our plans will continue to make a positive difference by helping first-time buyers get on the housing ladder, offer savers a more secure future, and the work we do with our commercial partners will create more sustainable and affordable homes for the communities we serve. It is such an exciting time to be a part of Principality.”
