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Cambridge BS appoints ex-Lloyds TSB director as chairman

Cambridge BS appoints ex-Lloyds TSB director as chairman

The Cambridge Building Society has appointed John Spence as its new chairman.

Spence (pictured) spent 32 years at Lloyds TSB, where he held several senior roles including director of retail distribution and director of policy coordination and risk, before leaving in 2005.

He has also held non-executive director roles at HM Revenue & Customs and the Money Advice Service.

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As well as becoming chairman of the Cambridge Building Society, Spence will continue his chairmanship of estate agency group Spicerhaart.

Spence said: “The Cambridge truly hold their members at the heart of what they do, and have a wonderfully rich history of helping people have a home.

“I’m honoured to join the team and look forward to helping guide and shape the next chapter of their history. I’ve already met the 190-plus Cambridge team digitally, and can see why so many hold the Society in such high regard.”

Peter Burrows, chief executive officer of The Cambridge, added: “I am delighted that John has joined us as chair, and look forward to working with him as The Cambridge embarks on the next phase of its journey as a thriving, independent, mutual business.

“Alongside his business acumen, John’s values and his desire to help people align with our own aspirations at The Cambridge.”

Spence has previously held chairmanship positions at Action for Blind People, Vitalise, Blind in Business and Essex Community Foundation.

chloe.cheung@ft.com

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