Ed Anderson has been appointed as the new chairman of the board of NS&I.

He joined NS&I’s board as a non-executive Director in February 2016, having been chairman of the Yorkshire Building Society from 2007 to 2015. He succeeds Sir John de Trafford Bt. MBE as NS&I’s chairman, who had come to the end of his term as an NS&I non-executive director, having spent the last five years as NS&I’s chairman.

NS&I’s board provide collective strategic and operational leadership and advise on the operational implications and effectiveness of policy proposals, as well as scrutinising performance and challenging executive directors on how well NS&I is achieving its objectives.

Steve Owen, acting chief executive of NS&I, said: “I am delighted that Ed Anderson has been appointed as NS&I’s new chairman. He brings a wealth of experience across retail financial services, commerce and the public and voluntary sector.

“I would also like to pay tribute to Sir John de Trafford. John has been an excellent chairman with tremendous passion for our people and our customers. He has provided vision and leadership as NS&I has transformed into a 100% direct business, selling products online, by phone and by post.”

Anderson added: “I’m proud to take on the role of chairman at NS&I. Since joining as a non-executive I’ve been hugely impressed by the quality and commitment of NS&I’s people and their focus on delivering for our customers and taxpayers. I look forward to continuing this and also to growing NS&I’s business-to-business services – providing payment processing services to other areas of government.”