The Nottingham Building Society has appointed Anthony Murphy (pictured) as its new chief financial officer (CFO), subject to regulatory approval.
Murphy is set to join the Society in March 2023 to lead the finance team and continue the Society’s strong financial performance and drive strategic growth.
Murphy will ensure a smooth transition by working closely alongside Paul Astruc, who served as CFO and board member for the past two years, and now is retiring to pursue a non-executive career.
Sue Hayes, chief executive officer, said: “I’m delighted that Anthony is joining The Nottingham.
“His wealth of experience means he brings both solid foundations and genuinely innovative thinking to us at this exciting time as we build for the future.
“Anthony will be a key stakeholder in helping forecast and shape our strategic roadmap to deliver our purpose.
“As we welcome Anthony, I would also like to thank Paul Astruc for the integral role he has played navigating our strategic review process as CFO over the last two years.”
Muprhy joins the Society from digital challenger bank, Tandem, where he had been CFO since January 2019.
During his time at Tandem, he played a pivotal role as it navigated through a strategic review, migrated to a new core banking platform, concluded a number of capital raises, merger and acquisitions activities and significantly grew its deposit offering, all of which culminated in the Group achieving profitability in Q1 2022.
Prior to his most recent role, Murphy also worked in the United Arab Emirates as CFO for a listed regional bank before returning to the UK to join Tandem.
He has also held a number of senior finance and strategy roles with Lloyds Banking Group, including as finance director of their Middle East business based in Dubai where he supported its sale to HSBC.
The broad range of experience, both domestically and internationally within challenger and established banks will help The Nottingham progress its commitment to transforming the housing market – as it recently signed a partnership agreement of up to £600m with fintech mortgage lender Generation Home.
Murphy added: “This is a great time to be joining The Nottingham as it emerges from a thorough and exciting strategic review process, with an eye on the future.
“I have been hugely impressed by the vision for the Society and look forward to meeting more of the team and continuing The Nottingham’s journey.”
