"During the last eighteen months, I have come to understand the beating heart of the Society and its unique personality."
- Barry Carter
Hinckley & Rugby Building Society has appointed Barry Carter as its new CEO, effective from 2nd January 2024.
The Society confirmed that current CEO, Colin Fyfe, is stepping down after five years in the role. His successor, Barry Carter, is currently the Society’s chief operating officer; a role he has held since July 2022.
Barry Carter has more than 21 years of experience in financial services. Prior to joining Hinckley & Rugby as COO in July 2022, he was COO at HSBC Private Bank. He is a chartered certified accountant, chartered banker, and is a member of the Chartered Institute for Securities and Investments.
Outgoing CEO, Colin Fyfe, will begin his new role as CEO of Unity Trust Bank in 2024.
Colin Franklin, chair of the board, said: “Colin leaves us in fantastic shape and with a great team of people in place, and we are incredibly grateful for all the good things that he has achieved. In passing the reins to Barry, he is handing over to someone who has already proved to be an effective leader, and who is clearly passionate about our Society and its members.”
Barry Carter commented: “As COO I have been working very closely with Colin Fyfe for the last eighteen months. We have shared a vision and have developed the Society’s strategy together, enjoying a partnership with the same synergy that a chair and vice-chair would. Consequently, this feels like a very smooth and natural transition.
“In planning for this change, I have sharpened my focus on developing a truly customer-centric organisation. I have strong plans for growth, both in our business and in our people, and a strong desire to make us the most efficient and effective organisation that we can possibly be. That’s something I’m very passionate about.
“During the last eighteen months, I have come to understand the beating heart of the Society and its unique personality. I believe that my strong and highly participative style of leadership will continue to benefit the Society at every level, and that I will lead us into an even more prosperous future.”
Colin Fyfe added: “I have thoroughly enjoyed my five years at Hinckley & Rugby, and I feel that’s about the ideal period for a chief executive. My plan was to make a big difference, and then hand over the reins to someone who would take the Society to the next level, and Barry is the right person to do that.”
