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Home / Latest News / Key appointments to help drive growth at Principality

Key appointments to help drive growth at Principality

Principality Building Society has strengthened its commercial team with two key appointments to drive growth and help create business.

Richard Wales and David Harvey have joined Principality Commercial in the roles of senior manager business development and commercial relationship manager.

Peter Hughes, managing director of Principality Commercial, said: “I welcome them both on board as they bring a wealth of experience with them and will help us build our portfolio.

“We have a number of exciting projects taking place and hope that with these new appointments we will be able to help fund more schemes that can boost the economy and provide much-needed jobs in Wales.”

Last year the building society’s commercial division celebrated

10 years of trading, and the first half of 2013 has seen several local

developments being funded, including residential schemes in Pontcanna, Penarth and St Fagans, alongside commercial schemes such

as a new facility for Tata in Port Talbot.

Principality Commercial is also heavily involved with the social enterprise company at the 53-acre former paper mill site at Ely Bridge to be developed extensively for affordable housing.

In his role as senior manager business development Mr Wales will be responsible for bringing in new business. He previously worked at HSBC for 20 years, with his last appointment in its real estate team.

Mr Wales, who lives in Radyr with his wife and two daughters, said: “I will be working with a range of partners to bring in new business, whether that is through investment or development, to protect the society brand and increase our reach in and outside of Wales.”

As commercial relationship manager Mr Harvey will aim to strengthen the commercial team and enhance its range of projects.

Mr Harvey has joined Principality Commercial following 12 years at London-based Israel Discount Bank as property relationship manager.

He said: “Principality Commercial has a really exciting portfolio and I am looking forward to building relationships with its customers. I will also be looking to build on its current range of projects and ensure that Principality Commercial continues to support the people of Wales.”

Mr Harvey is married with two children and lives in Swansea.

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