The Coventry Building Society has announced that Martin Stewart – director, banks, building societies and credit unions at the Prudential Regulation Authority – will join the board as a non-executive director and chair of the board risk committee on 1 September 2018.

His career that includes 18 years at board level as an executive and non-executive, as well as senior roles in the building society and consultancy sectors.

Over the last eight years he has led the redefinition and implementation of the UK’s post-financial crisis prudential regulatory regime, initially as head of UK banks and mutuals and then in his current role.

Gary Hoffman, chair of the Coventry Building Society, said: “I am delighted to announce Martin’s appointment as non-executive director of Coventry Building Society.

“He is a leading figure in UK financial services with extensive business experience and a successful career at the UK’s prudential regulator.

“He combines his deep understanding of regulatory and commercial matters with a leadership style based upon values of honesty, trust and integrity. These values are very much the values of Coventry Building Society, and are why Martin will be such a fantastic addition to our board.

“His expertise will be invaluable as the society continues to grow and develop for the benefit of our members.”

Stewart added: “I’m very excited to join Coventry’s board. The society stands out for its record of putting members first and looking after its employees, as shown recently when it became a Times Best 100 Companies to Work For 2018.

“I look forward to working with my board colleagues and the society’s employees to maintain this proud record.”