The Exeter has appointed Suzanne Clark (subject to regulatory approval) and Kelvin Malayapillay as non-executive directors to its board.
Clark has previously held chief internal auditor roles at the Yorkshire Building Society and investment bank Peel Hunt, as well as senior roles at Lloyds Banking Group plc and RBS.
She joins The Exeter board with a wealth of audit committee chair experience from her roles at HBL Bank UK and Leeds Teaching Hospitals NHS Trust.
Clark said: “I am thrilled to join The Exeter with its heritage of helping members navigate those times when life doesn’t go to plan and its strategy to grow the business.
“I’m looking forward to working with the great team who are focussed on delivering more for our members.”
Malayapillay has spent over 20 years in the personal finance and insurance sectors, including as strategy director for retail banking and consumer finance at Lloyds Banking Group and group strategy and corporate development director at LV=.
Today, Malayapillay is an independent strategy advisor and investor to clients in consumer and insurer finance and, alongside his role with The Exeter, currently holds non-executive director board positions with Tune Protect Group, Tune Protect EMEIA, and the Teachers Building Society.
Malayapillay added: “Having spent several years supporting mutual financial service firms I believe that they not only have a significant role to play in the diversity of financial service offerings but also have values aligned with some of those emerging in society today.
“I am particularly excited to join The Exeter, a business with a clear market focus and a great team ready to deliver its growth strategy.”
In addition, after nearly a decade of service, David Brand, senior independent non-executive director of The Exeter, has announced he will be stepping down from his role having been with the mutual since 2014.
Peter Hubbard, chair, said: “We are delighted that Suzanne and Kelvin are joining our board here at The Exeter. They will bring a wealth of experience and help us deliver even more for our members over the coming years as we strive to provide peace of mind to more people.
“At the same time, we are also sad that after such a long time, David Brand is stepping down from the board.
“During his tenure, the business has grown substantially, and his calm and experienced input will be missed by everyone. We wish him well for the future.”
