Cumberland appoints board member – The Intermediary

Cumberland Building Society has made changes to its board with the appointment of Richard Pike (pictured) as a non-executive director.

Pike has over 30 years of experience in this role, having held leadership positions at organizations including Permanent TSB, Governor Software, the National and Cybersecurity Society in the US, Starling Bank and JP Morgan.

He is currently a Senior Consultant at MyComplianceOffice Ltd and a lecturer at The Institute of Banking.

Pike was recently announced as president of insurance company FBD Insurance PLC.

The association said the appointment is a testament to its commitment to achieving its goals, as Pike has expertise in areas such as strategy, technology, innovation and risk management.

Pike said: “I am keen to contribute to the continued success of The Cumberland and will work with the board to maintain the highest standards of corporate governance, which will enable us to continue to provide a ‘friendlier’ banking experience for our customers.”

Jackie Arnold, Non-Executive Director and newly elected Chairman at The Cumberland, said: “His deep expertise in finance and leadership will be key as we look to the future and continue to deliver exceptional value to our customers through ‘Banking for Kind People’.

“Richard’s strategic insights and commitment to best practices in corporate governance align perfectly with the way we want to grow our business.”

He joins fellow board members Jackie Arnold, Des Moore, Richard Ellison, Kelli Fairbrother, Vicky Bruce, Mark Stanger, Cameron Marr and Anna Barsby in driving forward The Cumberland’s ‘nicer banking’ vision.

The association recently announced that Jackie Arnold will become board chair, the first woman to hold the position in the association’s 174-year history.

She replaces John Hooper, who will step down at the association’s annual general meeting (AGM) on 22 July after five years in the role and almost nine years as a non-executive director.