David Thomas was named as the new Personal Finance Society president for 2014/15 at the organisation’s annual general meeting on 15 September.

He succeeds retiring president, David Ingram, who has completed his 12 months in office.

Thomas has more than 30 years’ experience in financial services, having begun his career with Lloyds Bank, before joining Bradford & Bingley Building Society during their growth years.

He went on to be appointed general manager of Mortgage Systems Limited in 1987 before establishing Chadney Bulgin in 1993, where he is now joint managing partner.

Keith Richards, Personal Finance Society chief executive, said: “David brings a broad depth and breadth of experience to the role and I look forward to working closely with him over the coming year to continue the ongoing evolution of the society in support of our members and the public alike.”

Thomas said: “I am delighted and honoured to be elected as the society’s new president at such an exciting and crucial stage of opportunity and development.

“The profession has responded well to both RDR and MMR and our focus will be to provide further guidance and a particular emphasis on ‘best practice’ during my presidential year.”