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Corporate Governance

The information provided below is intended to allow our
members to be better informed about the business and financial
position of the Society.

The Board

Tracy Morshead

(Chairman)

Tracy has held senior management positions with three major Building Societies, Birmingham Midshires, Principality, where he was Managing Director, and Nationwide, where he was Divisional Director. He is a Fellow of the Chartered Institute of Marketing and is a chartered marketer. Tracy is Managing Director of Morshead’s Old Books Limited, Non-Executive Chairman of Mortgage Brain Holdings Limited, a leading financial services software company, and a Non-Executive Director of Newbury Building Society. Tracy joined the National Friendly Board in June 2009 as a Non-Executive Director and was appointed as Chairman of the Board effective from 1 April 2014. 

Jonathan Long

(Chief Executive Officer)

Jonathan was appointed as a Director on 1 May 2007. After qualifying as a Chartered Accountant at Coopers & Lybrand, he went on to perform a variety of financial, strategic and business development roles at Prudential and Barclays before joining the Society in 2006. Jonathan was appointed Chief Executive in 2011.

Sandy Richards

(Executive Director)

Sandy was appointed as a Director on 1 September 2014, heading up our Finance, Risk, Compliance and HR functions. She has over 30 years’ experience in the financial services sector in a variety of risk, finance and business development roles at Arval UK Limited (a subsidiary of BNP Paribas), the Higher Education Funding Council for England and at the Royal Bank of Scotland Plc, before joining the Society in 2012. Sandy resigned as a Director on 5 April 2019, to take a role as Risk & Compliance Director for the RAC Group, returning to the Society and re-appointed as an Executive Director on 1st December 2019. Sandy is a qualified Fellow Chartered Certified Accountant.

Peter McIlwraith

(Senior Independent Non-Executive Director)

Peter is a Chartered Accountant. He was a partner with PricewaterhouseCoopers (and prior to that Price Waterhouse) and was the Regional Chairman for the West and Wales and Senior Partner in Bristol from 1991 to 2001. Since then Peter has held a number of non-executive board positions in both the commercial and charitable sectors. Peter joined the National Friendly Board as a Non-Executive Director in April 2003.

Mark Jackson

(Non-Executive Director)

Mark is a former GP and successful business man.  Mark was CEO of Helphire (now Redde PLC) which he founded and was co-founder and Chairman of Assura Group both of which he was instrumental in floating on the London Stock Exchange.  Mark currently sits on a number of Boards including Medigold, Exemplar Health Care Limited and Astonbrook Care Holdings Limited. Mark joined the National Friendly Board as a Non-Executive Director in June 2009.

Geoff Brown

(Non-Executive Director)

Geoff is a qualified Actuary and had 44 years of experience in the financial services industry before retiring in late 2013. He spent most of his career in the health and care sector including 20 years with international healthcare company BUPA Limited, where he held a variety of roles and responsibilities – most recently as Chief Risk Officer of the BUPA Group and prior to this as Director of Compliance and Chief Actuary of the UK division. Geoff is also currently a Non-Executive Director of Medicover Forsakrings AB (publ.) and Chair of its Compliance and Risk Committee. Medicover is a Swedish insurer which provides healthcare insurance propositions for individuals and companies in Poland, Romania and Hungary.  Geoff joined the National Friendly Board as a Non-Executive Director in June 2014.

Graham Singleton

(Non-Executive Director)

Graham is a qualified Actuary with over 35 years of experience in the financial services industry. He spent most of his career in Life and Pensions. He held Chief Actuary and Chief Financial Officer roles in various companies before latterly becoming CEO of the Phoenix Resolution Life Companies and Swiss Re’s UK insurer Reassure Limited, and its Life and Pensions Outsourcing business Admin Re Limited. He is now specialising in non-executive work covering a variety of financial services disciplines including consumer finance as a non-executive of the Very Group Finance Company Limited and general insurance for a niche provider of buildings insurance backed guarantees, Guaranteed Protection Insurance Limited. Graham joined the National Friendly Board as a Non-Executive Director in December 2019.

Mark Searles

(Non-Executive Director)

Mark has held senior executive and Board positions within Financial Services and Technology sectors.  He most recently spent 9 years in Australia, as Group CEO & Managing Director of AUB Group Ltd, Australasia’s largest, listed, equity-based Risk Management group.  Prior to moving to Australia, Mark held senior management positions with Zurich; LloydsTSB; HSBC; Sage and American Express.  Returning to the UK in 2019, he is currently a Haberdashers-appointed Governor of an Education Academy Trust (Chairing their Audit Committee) in addition to holding various Advisory roles.  Mark joined the National Friendly Board as a Non-Executive Director in June 2020.