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Annual General Meeting

Our lead member event and AGM will be held on Wednesday 25 March 2020 at Trinity Park, Ipswich.

Despite an uncertain economic and political landscape, the Society reported a profitable year and remains fully focused on providing long term sustainable value to our members, while investing further in our branch network and digital capabilities.

We will be joined at our AGM by guest speaker Barry Chevallier Guild, chairman of Aspall, who will talk about his family's roots here in Suffolk and the story of the business his family have been running for generations.

AGM 458 

Our biggest event of the year

Our AGM doubles up as our lead member event for the year, often attracting a high attendance. In fact, we're pleased to have hosted the best-attended AGM in the whole building society sector for the last 3 years running. While it is of course a legal requirement for us to hold one each year, our AGM is also a great opportunity for our members to have their say in how we are run and meet the leadership of the Society in person - we encourage all of our members to come along!



Notice is hereby given that the One Hundred and Seventieth Annual General Meeting of Ipswich Building Society will be held on Wednesday 25 March 2020 at Trinity Park, Felixstowe Road, Ipswich, IP3 8UH at 6.30pm for the purpose of transacting the following business:

1. To receive the Report of the Directors, Annual Accounts and Auditor’s Report

2. To approve the Directors’ Remuneration Report

3. To appoint BDO LLP as Auditors

4. To elect and re-elect the Society’s Directors:

- to elect Elaine Lenc
- to re-elect Alan Harris
- to re-elect Richard Humphrey Bateson Norrington
- to re-elect Stephen John Kent Reid

5. To approve the amendment to Rule 2 for the name of the Society to be Suffolk Building Society, to be implemented within 24 months of the date of this Resolution

By Order of the Board, Rebecca Newman, Secretary, 30 January 2020.


Directors up for election or re-election

Peter Elcock web

Elaine Lenc
Non Executive Director

Elaine joined the Board in October 2019. Elaine is a Fellow of the Chartered Institute of Bankers in Scotland. She has over 35 years of financial services experience, is a former Director of Customer Remediation and held various senior roles at Clydesdale and Yorkshire Bank. Elaine has extensive experience across retail banking, IT and product and process management, marketing and strategic change.

Board Committees: Board Risk and Compliance


Alan Harris

Alan Harris

Alan Harris joined the Board in 2011 and appointed as Chairman on 1 December 2017. Alan is a Chartered Insurer and a Fellow of the Chartered Insurance Institute. He holds an MBA from City University Business School and is an alumnus of the Advanced Management Programme at Harvard Business School. Alan is the former Operations Director of NFU Mutual and former Chief Executive of Avon Insurance PLC. Alan holds Non-Executive roles with two Aegon companies and is a Governor and Director of Prince Henry’s High School Academy Trust.

Board Committees: Board Risk and Compliance, Audit, Chairman’s and Nominations (Chairman) and Remuneration


Richard Norrington web

Richard Norrington
MA (Hons)
Chief Executive

Richard Norrington was appointed to the Board on 30 November 2016 and became Chief Executive Officer on 1 December 2016. Richard has extensive leadership experience in the financial services sector, in a career spanning nearly three decades. He spent 16 years with Barclays Bank PLC, and, more recently, ten years at Clydesdale & Yorkshire Bank where as regional director he had responsibility for the East of England area.

Board Committees: Chairman’s and Nominations, Audit (attendee), Remuneration (attendee), Board Risk and Compliance (attendee)


Steve Reid web

Steve Reid
Non Executive Director

Steve Reid was appointed to the Board in November 2016. Steve has spent his entire career in the Financial Services industry. During this time he has held Executive roles with the Woolwich Building Society, Barclays Bank PLC, National Australia Group Europe and latterly as CEO of Allied Irish Bank (UK). Steve is a Fellow of the Chartered Institute of Bankers in Scotland.

Board Committees: Chairmans and Nominations, Board Risk and Compliance (Chairman), Remuneration



If you're looking to find out a bit more about us or want to see the really corporate stuff, this is the place to be.


Download documents to browse at your leisure, including our annual reports and disclosures.


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CEO view: a record-breaking AGM

Yesterday I was delighted to welcome 633 members to our Annual General Meeting and lead member event with guest speaker Adam Henson, making our 168th event the most popular in our history. In fact, last year, we achieved the highest member attendance across the whole building society sector, relative to size of our membership.

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