Mortgage Finance Gazette
Masthaven Bank has appointed of Malcolm McCaig to its Board as an independent non-executive director, with the intention he will chair the Board’s Risk and Conduct Committee.
McCaig has a portfolio of non-executive director roles in financial services, including three major insurance companies and a tier 1 metals broker. He is also Chairman of one of the UK’s top 100 charities.
Masthaven said McCaig brought a diverse range of experience in risk, regulation, audit, strategy, corporate governance and technology to the business.
A former partner of both Deloitte and Ernst & Young, his career includes executive positions in Clydesdale Bank and Prudential UK, as well as secondments in Nigeria and Mexico.
McCaig said: “Masthaven is a leading specialist bank and I am hopeful that I can make a positive contribution to the bank’s continuing development.
“The pandemic has increased the challenges facing all financial institutions, but beyond those challenges lie opportunities as the economy and the housing market recovers.
“Masthaven’s continued investment in its business, underpinned by its investment in risk management and conduct, illustrates the importance of doing the right thing and doing it well.”
Outside of financial services, McCaig has a lifelong passion for astrophysics, having studied it at the University of Glasgow. He began his career as a physicist before moving into management consultancy.
