Trusted since 1849.

Peter Elcock has worked for over 40 years in the financial services industry including roles at Barclays, Coventry Building Society, Charter Court Financial Services Group plc (CCFS) and One Savings Bank. He founded Cornhill Consulting in 2006, providing specialist risk consultancy to building societies and banks.

At One Savings Bank, Peter took the Group Risk role following a merger with CCFS, assuming responsibility for the merger of the risk functions and frameworks and creating and delivering a new Risk Design for the enlarged Group.

Peter is passionate about the mutual model, its values and the safety and security it brings to members and is pleased to be able to bring his experience and practical understanding of the risk, regulatory and compliance areas to support the Society. He is also a Non Executive Director of Advanced Payment Solutions Limited.

Board Committees: Chairman’s and Nominations (Chairman), Remuneration

Richard Norrington was appointed to the Board on 30 November 2016 and became Chief Executive on 1 December 2016. He is passionate about the Society’s social purpose and mutual values. Richard has extensive leadership experience in the financial services sector, in a career spanning over three decades. He spent 16 years with Barclays Bank PLC, and, more recently, ten years at Clydesdale & Yorkshire Bank where as regional director he had responsibility for the East of England area.

Board Committees: Chairman’s and Nominations

Paul Johnson joined the Society in June 2020. Paul was previously Head of Finance at Vanquis Bank for six years, having been at Citi previously for fifteen years in a variety of senior finance roles, including CFO of the UK Consumer business. Prior to that Paul held a number of financial controller roles including the broker subsidiary of Société Générale, and started his career at Deloitte. Paul is a fellow of the Chartered Association of Certified Accountants.

Qualifying as a solicitor in 2008, Rebecca acted as legal counsel within the financial services industry for over seven years before joining the Society in 2015 as society secretary with responsibility for board governance. She soon became Legal Counsel and then Chief of Staff, developing the Corporate Governance framework to include ambitious programmes on ESG, Diversity and Inclusion and Employee Performance. Rebecca joined the Board as Chief Operating Officer in 2022.

Sian Hill joined the Board in April 2020. Sian has a mathematics degree from Oxford University and is a Fellow of the Institute of Chartered Accountants in England and Wales. Sian was at KPMG for many years including over twenty years as a financial services tax partner advising a broad range of financial institutions. She retired from KPMG in June 2018. Sian is a Non Executive Director of Cordiant Digital Infrastructure Limited (where she is the Chair of the Audit Committee and the Senior Independent Director) and of Yealand Administration Limited. She is also a Trustee and Chair of the Finance & Audit Committee and member of the People & Culture Committee of Place2Be, a leading UK children’s mental health charity.

Board Committees: Audit, Board Risk and Compliance, Remuneration

Sian Hill is the Chairman of the Trustees of the Ipswich Building Society Pension and Life Assurance Scheme

Elaine Lenc joined the Board in October 2019. Elaine is a Fellow of the Chartered Institute of Bankers in Scotland. She has had a lifelong career in Financial Services and held senior posts at National Australia Group Europe, latterly as Director, Customer Remediation but spanning IT and Strategic Change, Products and Marketing, Retail and Business Banking across four European banks. Elaine is also a governor at Delta Academies in North Yorkshire.

Board Committees: Board Risk and Compliance, Remuneration (Chairman)

Steve Liddell was appointed to the Board on 30 November 2017. He has a degree from Nottingham University and is a Fellow of the Institute of Chartered Accountants in England and Wales. He retired from Mazars LLP, where he was a financial services partner, in 2020. He previously worked for many years at KPMG and was the senior partner at the firm’s Ipswich office from 2002-06. He is a Non Executive Director of Samsung Fire & Marine Insurance Company of Europe Limited and Aspen Syndicate Management Limited. Steve lives locally and has over 30 years’ experience in working with regulated businesses.

Board Committees: Audit (Chairman), Board Risk and Compliance, Chairman’s and Nominations, Remuneration

Steve Reid was appointed to the Board in November 2016. Steve has spent his entire career in the Financial Services industry with a particular focus on Retail banking and Wealth Management. During this time he has held Executive roles with the Woolwich Building Society, Barclays Bank PLC, National Australia Group Europe and as CEO of Allied Irish Bank (UK). He is also a Non Executive Director at Wyelands Bank.

Board Committees: Chairman’s and Nominations, Board Risk and Compliance (Chairman), Remuneration

Fiona Ryder was appointed to the Board in October 2018. Fiona is a Fellow of the Royal Society of Arts with over 25 years’ experience across the broadcasting, digital and commercial sectors. She was previously the founding CEO of instore marketing and communications company, The Cube Group, before its profitable sale in 2006 and more recently the Managing Director of Archant’s local TV station for Norwich and environs. Fiona is an Executive Director at Bonza Music Ltd and TCD Media.

Board Committees: Board Risk and Compliance, Audit

Fiona Ryder is Senior Independent Director and Whistleblowing Champion.