Julie will replace the current chair Roy Spragg, who will step down at the end of April.

She has over 25 years of experience in financial services and qualified as a chartered accountant with KPMG.

At KPMG, she worked in the audit and risk advisory services practices before moving to Barclays Bank, where she held several executive roles in finance and governance.

Julie has been a non-executive director at Reliance Bank Limited for the past two-and-a-half years and is also the deputy chair of the board and chair of the audit, risk and compliance committee at the bank.

“I am delighted to be joining at a particularly exciting time for the business and I strongly endorse the ethos shared throughout the society and its consistent focus on putting the customer at its heart,” said Julie.

“I very much look forward to working with Simon, the board and the wider team as the organisation enters the next stage of its development.”

Simon Beresford, chief executive of Teachers Building Society, added: “I am thrilled to be welcoming Julie as our new chair as she brings with her a wealth of relevant experience and a strong background in both executive and chair roles.

“In addition, she has a deep understanding of financial services, a strong empathy with our values and is committed to helping our customers save and own their own homes.

“I am looking forward to working closely with Julie.

“On behalf of the board, I would also like to thank Roy for his significant contribution to Teachers Building Society and invaluable support over the past nine years – we wish him well for the future.”