Ashraf Piranie has taken up a role as Nottingham Building Society's FD.

The former Islamic Bank of Britain finance boss started his new position at the beginning of the week. His responsibilities include heading up the society's property services division but his new remit will be focussed on the introduction and development of Islamic banking, he told Accountancy Age. 

Piranie said: 'I am delighted to be joining The Nottingham. The Society has made great strides forward in recent years and has exciting plans. I look forward to playing an active part in its future success.'

Prior to joining IBB Piranie also held senior positions at Alliance and Leicester including its director of finance for retail banking. He replaces Andrew Milner who retired after 14 years as the Society's FD.

Ian Rowling, chief executive of The Nottingham, said: 'Ashraf will bring a fresh perspective to the Society. His knowledge and experience will be a great asset to The Nottingham. We are very much looking forward to working with him.'

Further reading:

Treasury to promote London as Islamic finance centre

Islamic Bank of Britain FD resigns

Profile: Atif Raza, FD of the European Islamic Investment Bank