The Board – working hard on your behalf

The Board of Stafford Railway Building Society currently comprises eight directors who offer a wide range of personal experience. Profiles for the Chief Executive and Chairman, along with the other Board members, are provided here.

Mike Smith - Chief Executive

Mike Smith - Chief Executive

Michael was appointed Chief Executive Officer in October 2017. Michael is a highly experienced corporate and retail banker, having previously served the Society as a Non-Executive Director for 8 years.

Mike brings considerable experience in growing a business, people development and providing strong strategic development. This will prove particularly important during the Society’s transitional phase and ensuring the continued sustainability of the Society.


Steven Jones - DCE/Finance Director

Steven Jones - Deputy Chief Executive and Finance Director

Steven was appointed to the Board in June 2018 as Deputy Chief Executive and Finance Director and is responsible for finance control, treasury and risk within the Society as well as deputising for the Chief Executive on a range of society-wide matters.

He is a Fellow of the Institute of Chartered Accountants and has a strong background in the financial services sector having spent over 30 years in a variety of senior positions covering Corporate Planning, Strategy, IT, Underwriting, Secretarial, and General Operations. Outside of the Society he is a Corporation Member of Newcastle and Stafford Colleges Group, where he also holds the position of Vice Chair of the Audit Committee. He brings a wealth of experience, from a wider context having served as a trustee and Chair of two regional charities and a Housing Association.


Colin Lloyd - Chair of SRBS Board

Colin Lloyd - Chair

Colin is a Financial Services professional and an Operations Specialist with over 40 years’ experience in the financial services industry having held positions including Head of Mortgage and Securities Services and Head of Internal Audit and Operations Director at a regional building society.

Colin’s experience brings strategic and audit direction to the board based upon his wealth of recent and relevant sector experience and knowledge of The Stafford Railway


Karen McCormick, Vice Chair of SRBS

Karen McCormick - Vice Chair

Karen has held a broad industry career that began in accountancy and progressed into business leadership with a particular interest in business performance improvement focusing on people.

Karen has worked across range of sectors holding senior leadership roles including; Chief Executive Officer at a regional building society, Group HR Director, Vice President of HR, People Performance Director at a retail supermarket and HR Director at a home shopping business.

Karen’s experience of industry at both board and as a senior leader, will be invaluable at a time of transition involving both the business and people.


James Dean - Senior Independent Director

James Dean - Senior Independent Director

James is the Senior Independent Director, a role he previously held at another Friendly Society where he also sat on the Risk and Audit Committee. He currently Chairs the Audit Committee at a listed bank and wealth company and is also a member of their Risk Committee.

Accordingly James brings relevant and contemporary insight and experience to his membership of Stafford Railways Audit Committee and Risk Committee.


Gary Crowe - Non-Executive Director

Gary Crowe - Non-Executive Director

Gary is Chair of the Audit Committee. He is a Chartered Banker with over thirty years’ experience in Financial Services. Gary previously held senior commercial positions in strategy, business transformation and Risk & Business management as well as expertise as a university professor of innovation and leadership.

Gary’s commercial experience and knowledge will drive a firm structure of audit and compliance as Chair of Audit Committee, maintaining the highest levels of corporate governance.


David Grant - Director SRBS Board

David Grant - Director

David became Chair of the Risk Committee in May 2019, his appointment following approval by the Regulator. He brings considerable experience of first line risk management of regulated product sales from his career in financial services, and in his current consultancy role with experience of second line Risk responsibility. His continuing day to day projects ensure his knowledge is contemporary and global, including, heading Information Governance and Security, being a Data Protection Officer and leading on the creation of ground-breaking Digital financial services products.

As the Society grows and responds to the ever changing financial services landscape, David is passionate that one thing will not change - sound risk management will remain at the heart of all that the Society does.