YORKSHIRE Building Society has welcomed a chief economist to its ranks with the appointment of Andrew Mc-Phillips to its treasury team.
Mr McPhillips takes up the newly-created post to provide the Bradford-based mutual – which has its roots in Huddersfield – with economic opinion and analysis of the key activities affecting the market.
He said: “Given the current market conditions not only within the UK but globally, I am joining the Yorkshire at a very challenging time.
“Trust within the banking sector is at an all-time low and the actions of the big banks have left many people questioning the personal finance industry.
“This was one of the reasons I wanted to take up this opportunity with the Yorkshire, not only as an expanding and financially secure business, but personally as I really believe in the benefits of a mutual organisation.”
He added: “Given the current climate, my job will ensure that the organisation can gauge the market, set forecasts and contribute to the strategic direction of the group.”
Mr McPhillips, 28, began his career by studying economics at Leeds Metropolitan University during which time he spent time working for the Treasury in London.
After graduating, he returned to Government to take up roles in the Department of Transport, the Department for Work and Pensions and the Department for Education.
Said Mr McPhillips: “The knowledge and experience I gained while working in Government was invaluable and in taking up this post with the Yorkshire.”