Richard Bowles has been appointed as chief risk officer at Coventry Building Society.

Bowles will join the UK’s second largest building society from TSB later this year.

He has risk and commercial experience from his time at TSB and his 15 years at Lloyds Bank where he became prudential risk and risk transformation director.

Steve Hughes, chief executive at Coventry Building Society, said: “Rich not only has deep technical knowledge but is passionate about innovation and transformation.

“It’s really important to me that we appoint people who share our ambition but also our value set, especially in key leadership roles, and Rich has a great track record in building positive and high performing teams. I am really excited about him joining the Society and the executive team.”