Hinckley & Rugby Building Society has welcomed its new chief operating officer (COO) to its executive board.

Barry Carter has joined the Society following the retirement of its former COO, Dean Waddingham in May.

Carter (pictured, right) comes to the Society having previously held a position as COO at HSBC Private Bank. He has 20 years of experience in private and retail banking and is a Chartered Certified Accountant, Chartered Banker and is a Member of the Chartered Institute for Securities and Investments.

His role within the Society will include day-to-day operations and transformational change within the business.

He said: “It’s a great privilege to join the society as chief operating officer. I am joining at an exciting time as the society looks to streamline its mortgage process, take steps forward in its digital presence and continue its improvement of day-to-day performance.

“All of this is geared for the benefit of our members and colleagues, and I am very much looking forward to being a part of it.”

Colin Fyfe (pictured, left), the society’s chief executive, added: “I am delighted to welcome Barry to the Society and excited to see what he can bring to the business. He has gathered the knowledge, skills and experience throughout his career to support us in developing our exciting transformation and enable us to continue to provide a high standard of service to our customers.

“As chief operations officer, I am sure that our members and colleagues are at the forefront of his thoughts, ensuring we continue to put people first.”