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Swansea Building Society expands with new office in Monmouthshire

Swansea Building Society has opened a new office in Monmouthshire to provide a local base for its mortgage team who cover that area. The new office comes as part of its five-year growth and investment plan for developing its presence in the region.

The office is located at Swan House, 33 Cross Street, Abergavenny, where recently appointed business development manager, Dan Goulding, and his assistant are to be based – and which other Society business development staff can utilise as and when needed.

The aim is to allow Goulding and his colleagues to meet customers and brokers face-to-face, and to further develop business connections within the region.

The building society’s South East Wales team – which now includes four managers – has been tasked with developing its presence and profile within the region and across the English border.

During a period that has seen many large banks and building societies close offices across Wales, the news of a new office in the region has been very well received.

Swansea Building Society was ranked the most profitable in the UK last year. It was also confirmed as the 30th largest building society in the UK, with total assets of £414 million, a sizable increase on £370 million the previous year. In recent years, in contrast to most financial services firms, it has opened several new branches.

Richard Miles, Head of Savings & Marketing/Area Manager East at Swansea Building Society, said:

“It’s great for the business development team and Dan in particular to have an office in Monmouthshire to base themselves from. From here, they will be able to visit customers and professional introducers who are local to Monmouthshire, Gwent and the Welsh Borders. Likewise, they will be able to meet customers and brokers in a comfortable and professional setting if they wish to visit them at their new office.

“It is also the society’s first firm foothold in the area, as we look to increase our presence, gain customers, and ultimately help more people in the region build a better future by funding their dream home.”