A MUTUAL has made a new appointment it says will strengthen operations.

Chris Hunter has joined Darlington Building Society as chief risk officer.

Mr Hunter has nearly 20 years’ experience in the financial service sector, including 16 years with Lloyds Banking Group.

Bosses say his arrival will help maintain the society’s progress by managing potential threats and ensuring it stays conversant with regulatory processes.

Mr Hunter said: “The role gives me an opportunity to really get to know every part of the business, deepening my knowledge and ensuring no two days are never the same.

“By supporting, but challenging, every area of business, I feel we can enable the managed growth of the society, providing it with confidence and strength while keeping it safe and in line with all regulations.”

Colin Fyfe, chief executive, added: “At a time when the society is growing in both size and strength, the role of chief risk officer has never been more important.

“With a reputation that preceded him, Chris has some exciting plans to identify, manage and eliminate risk.”

Mr Fyfe previously told The Northern Echo that the mutual aimed to “bang the drum about its services a bit louder” after seeing annual profits rise on the back of total assets and gross mortgage lending increasing.