Masthaven Bank has announced the appointment of Malcolm McCaig as an independent non-executive director, with the intention that he will chair the bank’s risk and conduct committee at Board level.
McCaig brings to Masthaven a diverse range of experience in risk, regulation, audit, strategy, corporate governance and technology. A former partner of both Deloitte and Ernst & Young, his career includes executive positions in Clydesdale Bank and Prudential UK.
Commenting on his new appointment, McCaig said: “Masthaven is a leading specialist bank and I am hopeful that I can make a positive contribution to the bank’s continuing development.
“The pandemic has increased the challenges facing all financial institutions, but beyond those challenges lie opportunities as the economy and the housing market recovers. Masthaven’s continued investment in its business, underpinned by its investment in risk management and conduct, illustrates the importance of doing the right thing and doing it well.”
McCaig’s position as chair of Masthaven’s risk and conduct committee is subject to regulatory approval by the Prudential Regulation Authority and the Financial Conduct Authority.