SCOTTISH Building Society has appointed a new chairman as part of a boardroom reshuffle.

Alexa Henderson is stepping down after four years but will remain on the board as a non-executive director.

Financial services veteran Robert Golbourn, on the board of SBS since 2006, is to take over as chairman.

Mr Golbourn is a former managing director of Scottish Widows Bank and also held senior roles at Clydesdale Bank.

He said: “I am honoured to become chairman of Scotland’s only independent building society, which is one of the world’s oldest mutual organisations. Scottish Building Society has a proud history of putting the interests of our members first, helping people to buy their own homes, and of being a strong part of the communities it serves across Scotland.”

Raymond Abbott moves to replace Mr Golbourn as vice-chairman and senior independent director.

Mr Golbourn added: “We are financially stable and have a strong balance sheet, and I look forward to continuing to work with my fellow board directors to ensure a sustainable future that delivers long term value for our members.

“I am delighted that Alexa has agreed to remain a member of the board and would like to publicly acknowledge her major contribution to the Society’s successes.”