Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.
Family Building Society appoints Laura Hamp as CFO
Family Building Society has appointed Laura Hamp as its chief financial officer and a member of its board of directors. Hamp joined the society earlier this year from Furness Building Society, where she had served as CFO.
Experience and background
Hamp has more than 15 years of experience in financial services, much of it in the mutual sector. She is a qualified chartered accountant and a fellow of ICAS, and was named CFO of the Year at the Women in Finance Awards in 2023.
Commenting on the appointment, Hamp said she was pleased to have joined the society and to continue her career in the mutual sector, which she described as upholding high ethical standards in lending and savings.
Succession planning
Mark Bogard, chief executive of Family Building Society, said the appointment formed part of the society's succession planning. He noted that Hamp joined at the start of the year and has been promoted to the board, adding that her experience in the mutual sector makes her an ideal CFO for the society.
What it means for the market
For UK letting agents, inventory clerks and property professionals, leadership appointments at building societies can be worth monitoring, as lenders in the mutual sector play a role in the mortgage market that underpins buy-to-let and residential property transactions. No changes to lending policy or criteria were announced alongside the appointment.
Source: Mortgage Solutions