The Cumberland Building Society has appointed Stuart Miller, currently chief commercial officer (CCO) at Newcastle Building Society, as its new CEO, effective “early 2026”, Miller confirmed in a LinkedIn post this week.
Miller will take over from Des Moore, who has led the organisation since 2018. Notably, under Moore’s leadership, The Cumberland recently partnered with Indian technology firm Tata Consultancy Services to modernise its core banking infrastructure. The society implemented TCS’s cloud-based banking solution, TCS Bancs, in March, replacing its longstanding MSS platform from SBS.
Miller brings nearly four decades of financial services expertise to his new position. His career spans various leadership roles, including director of distribution at Monmouthshire Building Society in Wales, retail director positions at Virgin Money and Northern Rock, and head of mortgages at RBS International. He began as Newcastle Building Society’s CCO nine months ago and currently serves as a director at Newcastle Financial Advisors.
In his new role, Miller will draw on his previous experience supporting high streets and rural communities to ensure “traditional branch services remain strong”, says The Cumberland. “The high street matters, because it’s where communities connect,” explains Miller, “When a branch closes in a rural area it’s not just a financial service that disappears, it’s part of the social fabric.”
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Founded in 1850 and headquartered in Carlisle, The Cumberland operates 31 branches in Cumbria, Lancashire, Northumberland, and Southwest Scotland. As the UK’s tenth-largest building society, with £3.2 billion in total assets, it serves 160,000 members with a mortgage portfolio worth £2.6 billion.
Source: https://www.fintechfutures.com/
