Masthaven appoints new non-executive director

Masthaven Bank has announced the appointment of Malcolm McCaig to its Board as an independent non-executive director, with the intention he will chair the Board's Risk and Conduct Committee. 
 
McCaig has a portfolio of non-executive director roles in financial services, including three major insurance companies and a tier one metals broker. 
 
The specialist bank suggested McCaig will bring 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.
 
McCaig commented: “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.”
 
Masthaven chairman, Ashley Machin, added:  “I’m delighted to welcome Malcolm to Masthaven. He brings a wealth of experience in a variety of financial roles and the maturity and breadth of this experience will provide real value to the board. We welcome Malcolm’s insights and expertise as Masthaven continues to refine and develop its lending and savings activities.” 

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