Strategy & Operations » Leadership & Management » Piranie reverses decision to leave Nottingham for Skipton

SKIPTON BUILDING SOCIETY has been forced to find another FD after Ashraf Piranie – the deputy chief executive and FD at Nottingham Building Society had a change of heart and will now be staying in situ – despite a stock market announcement to the contrary in October 2014.

Piranie, previously joint managing director and finance director at the start-up Islamic Bank of Britain, was set to head up the M1 to Skipton in March after seven years at the mutual.

But in a shock announcement today, it was revealed that the ACCA member will remain in his current Nottingham role for “family reasons”.

Skipton Building Society today announced that subject to regulatory approval, Bobby Ndawula, the society’s chief financial risk officer and a member of its executive committee, would fill the vacuum.

Nottingham Building Society CEO, David Marlow, said: “We fully understand that this has been a difficult decision for Ash and his family. However, the board and leadership team at…are delighted he has chosen to stay.”