Business in Brief
SCOTTISH Building Society has appointed Raymond Abbott, the former managing director of Alliance Trust Equity Partners, as its new chairman.
Mr Abbott has taken over from Rob Golbourn who remains a non-executive director until he retires in October.
Established in 1848, Scottish Building Society is Scotland’s last remaining independent building society. It has mortgage assets of £311.3 million and savings balances of £365m.
Mr Abbott said: “It’s an honour to take over as chairman of Scottish Building Society. We have a proud history as the world’s oldest mutual, but the Society is not stuck in the past and it is an exciting time to take the reins.”
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