Swansea Building Society appoints new Finance Director

Swansea Building Society has recently appointed a new Finance Director. Nathan Griffiths from Swansea has been appointed at the Society’s head office in Cradock Street, Swansea.

A Chartered Accountant, Griffiths has an impressive background in financial services having spent eight years at Deloitte specialising in providing advisory and assurance services to building societies and retail banks across the UK. Upon leaving Deloitte as a senior manager, Griffiths joined Monmouthshire Building Society where he has spent the last four years as Financial Controller.

Griffiths joins Swansea Building Society during a time of prosperity. The Society reached record-breaking highs in terms of its total assets, mortgage and savings balances in 2018, when it celebrated the largest single year of growth on both sides of its Balance Sheet in the Society’s history.

The Society remains one of the few financial institutions in the UK that has no wholesale funding or support from the Bank of England in the form of cheap funding. Its Balance Sheet is funded entirely by customer savings balances and its own capital reserves built up from retained profits over many years.

Alun Williams, Chief Executive of Swansea Building Society, said:

“We are thrilled to welcome Nathan to Swansea Building Society during such a prosperous time. His impressive financial background and experience within the building society sector makes him a solid asset to the Society. We look forward to working with Nathan and have no doubt he will provide a valuable contribution to the Society, which will enhance our dedication to offering our members an outstanding personalised service.”

Nathan Griffiths, newly appointed Finance Director at Swansea Building Society, added:

“I am delighted to be joining Swansea Building Society at such an exciting time in its history. The Society has achieved unprecedented levels of success in recent years. Being born and brought up in Swansea, I am really excited to be bringing my experience within the building society and banking sectors to my local Society and working with the team to contribute to the Society’s future success.”