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Nationwide appoints outside experts to board IT committee

25 October 2016  |  7441 views  |  0 business meeting room

Nationwide Building Society has engaged a team of outside experts to provide fresh insights to a board sub-committee exclusively dedicated to IT strategy, technology, resilience, innovation and business transformation.

The influential board IT committee, chaired by former Deutsche Bank CIO Mitchel Lenson, meets bi-monthly to oversee the Society's technology investment and strategic plans in a market characterised by new competition and changing customer behaviours.

Against this backdrop, the new appointees bring additional weight and knowledge to bear, with previous stellar experience across a range of critical customer touchpoints.

They include:
  • Conrad Prince - former director general, Intelligence and Strategy GCHQ
  • Usama Fayyad - former chief data officer & group managing director, Barclays Bank PLC
  • Mark Hartley - inventor of Clear2Pay Open Payment Framework
  • James S. Greene - ex vice president, Global Financial Services, Cisco
  • Lisa Stanton - chief executive officer, InAuth Inc.
The appointments come as Nationwide continues a a large scale multi-billion-pound systems modernisation programme which has seen the implementation of a completely new core banking and payments system and a commitment of over £500 million to its branch network.

Tony Prestedge, chief operating officer, comments: “As millions of our members embrace the benefits of digital innovations we recognised the need to continue to ensure we have the right talent and leadership in place to meet the rapidly changing challenges and opportunities new technology presents. Bringing external expertise to support the board IT committee allows the Society to benefit from decades of combined experience at the most senior level, complementing our in-house experts, as we continue our ambitious innovation, technology and IT resilience investment.”
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