The mutual confirmed that Colin Fyfe (pictured right), who has been chief executive for Hinckley and Rugby Building Society for around five years, will step down from the role.
He will take on the role of chief executive of Unity Trust Bank in 2023, adding that: “I have thoroughly enjoyed my five years at Hinckley and Rugby Building Society, and I feel that’s about the ideal period for a chief executive”.
Fyfe continued: “My plan was to make a big difference, and then hand over the reins to someone who would take the Society to the next level, and Barry is the right person to do that.”
Carter has been chief operating officer for Hinckley and Rugby Building Society since 2022, and before that was chief operating officer for HSBC Private Bank for nearly three years.
Before that he was chief administration officer at HSBC for around a year and before was head of client lifecycle management for UK and Channel Islands for nearly three years.
He has also worked at RBS Wealth.
Colin Franklin, Hinckley and Rugby Building Society’s chair of the board, said: “Colin leaves us in fantastic shape and with a great team of people in place, and we are incredibly grateful for all the good things that he has achieved.
“In passing the reins to Barry, he is handing over to someone who has already proved to be an effective leader, and who is clearly passionate about our Society and its members.”
Hinckley and Rugby Building Society wants to be ‘truly customer-centric’
Carter said that as chief operating officer he had worked closely with Colin Fyfe for the last 18 months.
He continued: “We have shared a vision and have developed the society’s strategy together, enjoying a partnership with the same synergy that a chair and vice-chair would. Consequently, this feels like a very smooth and natural transition.
“In planning for this change, I have sharpened my focus on developing a truly customer-centric organisation. I have strong plans for growth, both in our business and in our people, and a strong desire to make us the most efficient and effective organisation that we can possibly be. That’s something I’m very passionate about.”
Carter said that over the last 18 months he had come to understand the “beating heart of the society and its unique personality”.
“I believe that my strong and highly participative style of leadership will continue to benefit the society at every level, and that I will lead us into an even more prosperous future,” he added.
Robin Fieth, chief executive of the Building Societies Association, said: “On behalf of the BSA, I would like to thank Colin for the huge support he has shown the BSA during his time at Hinckley and Rugby. Colin has been a great champion for the mutual sector and has been instrumental in achieving positive change for building societies, their employees, and local communities.
“During his time in the sector, Colin has been a valued member of the BSA council and a committed Chair of the BSA’s green finance taskforce, where he has worked tirelessly towards the goal of improving the energy efficiency of the UK’s housing stock. We wish him every success in his next role and look forward to working with Barry Carter.”
