WIREDGOV

David Woodward has been appointed as a non-executive director to the board of the National Savings & Investments bank (NS&I), the Economic Secretary announced today (9th January). 

David’s three-year term officially began on 3rd January 2023. He began his career as a qualified accountant and has worked in senior roles in the private, public and charity sectors.

His executive career has seen him work in senior finance positions successfully delivering strategic change within large and complex businesses.

Economic Secretary to the Treasury, Andrew Griffith said:

I’d like to welcome David to his new role. His experience in customer-facing businesses will bring a unique perspective to the NS&I board, and ensure the organisation continues to deliver new and innovative services at the nation’s savings bank.

In 2008, David commenced his non-executive career, and he has over 10 years of financial services experience and over 5 years working with community and hospital NHS Trusts. He is an experienced audit committee chair. He is also currently a Non-Executive Director on the Board of the Hinckley and Rugby Building Society, and he will complete his final term on the Board in March 2023.

David is also a Trustee of the charity the Consumers’ Association and an Independent Committee Member of the Finance and Estates Committee for Trent.

Further information

• The appointment of David Woodward was regulated by the Office of the Commissioner for Public Appointments (OCPA) and a fair and open competition has occurred.
• David Woodward has confirmed that he has not engaged in any political activity in the past five years.
• Non-Executive members of NS&I’s Board ensure a sound strategy is in place to meet the organisation’s remit of raising cost-effective debt financing for the government. They also act as an external source of advice, have oversight of risk control and ensure NS&I’s links with its outsourcing partners, remain open and transparent.
• NS&I is one of the largest savings organisations in the UK, offering a range of savings and investments. All products offer 100% capital security because NS&I is backed by HM Treasury.