Scottish Building Society has appointed Raymond Abbott as its new Chairman,

Abbott takes over the role from Rob Golbourn who will remain as non-executive director until he retires from the Board in October. Abbott, who is a chartered accountant, has been vice-chairman and senior independent director at the Society since 2015, and a member of the Board since 2013. Abbott has great financial sector experience and was previously managing director of Alliance Trust Equity Partners. Prior to that he founded the UK venture investor Albany Ventures and was director of Investment at British Linen Bank.