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Turmoil at the Yorkshire Building Society as boss Mike Regnier quits 


Turmoil at the Yorkshire Building Society as boss Mike Regnier quits to become boss at Santander










Mike Regnier (pictured) is leaving Yorkshire to become boss at Santander

Mike Regnier (pictured) is leaving Yorkshire to become boss at Santander

Yorkshire Building Society’s future is in doubt after its chief executive quit.

Mike Regnier is leaving the member-owned lender to become boss at Santander. The move brings to an end the Spanish bank’s seven-month search for a chief executive to replace Nathan Bostock. 

But Regnier’s departure runs the risk of weakening the building society as the proposed sale of LV raises fears about further demutualisations – with the Yorkshire among those potentially a target for predators.

One of the Yorkshire’s directors, Alison Hutchinson, also sits on LV’s board and has given the nod to its private equity takeover.

Labour MP Gareth Thomas wrote to Hutchinson in July querying whether she would countenance a similar sell-off of the Yorkshire mutual.

A spokesman for the Yorkshire said: ‘Yorkshire Building Society is a successful building society owned by its members. 

‘We are hugely proud of our mutual heritage and remain committed to operating in the best interest of our members, and the communities that we serve. There are no plans for this to change.’



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