FSA okays Yorkshire-Chelsea merger

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Yorkshire Building Society has appointed former Chelsea Building Society director, Roger Burden as a non-executive director with effect from 1 April 2010, when the merger of the two societies takes effect.

The FSA has announced that on 18 March it confirmed the proposed transfer of the engagements of the Chelsea Building Society to the Yorkshire Building Society.

Burden, 63, is a former chief executive and chairman of Cheltenham & Gloucester as well as a former chairman of the Council of Mortgage Lenders. He retired from Cheltenham & Gloucester in 2004.

He joined Chelsea Building Society’s Board on 1st November 2009 as a non-executive director, when merger discussions between the Yorkshire and Chelsea were well advanced. The Yorkshire Board notified its members that it would consider the appointment of a Chelsea director in the Merger Booklet issued in December 2009.

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