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.
Yorkshire Building Society appoints James Mack as CFO
Yorkshire Building Society has appointed James Mack as its chief financial officer and executive director, subject to regulatory approval. Mack is due to take up the role at the beginning of 2027.
Mack is currently chief executive of John Lewis Money, where he has worked for two years. His career spans more than 20 years and includes previous CFO roles at Barclays UK and Aldermore Bank, as well as senior positions at The Co-operative Banking Group and Skipton Building Society.
Property sector connections
Mack also serves as senior independent director and chair of the audit and risk committee of LSL Property Services, the group behind well-known brands operating across lettings, surveying and estate agency.
Interim arrangements
From 1 October, Lyndon Horwell, the society's group treasurer, will serve as interim CFO until Mack takes up the post.
Susan Allen, chief executive of Yorkshire Building Society, said the society was looking forward to welcoming Mack to the mutual, noting that his skills, experience and understanding of member-owned organisations would be of value as the society continues to invest in its future and grow sustainably. She added that the mutual's financial strength is essential to delivering on its purpose of "Real Help with Real Life" — members coming together to make good homes possible for more people.
Mack said he was delighted to be joining a mutual that is trusted by its customers and driven by a strong purpose, and that he looked forward to ensuring the society continues to deliver long-term value for its members.
Why it matters for agents and clerks
As one of the UK's major lenders active in the buy-to-let and residential mortgage markets, changes at board level at Yorkshire Building Society may be of interest to letting agents and inventory clerks whose landlord clients rely on the society's lending. The appointment is subject to regulatory approval, and Mack does not take up the role until the beginning of 2027.
Source: Mortgage Solutions