Alison Pallett is retiring from Nottingham Building Society after a remarkable 42-year career in financial services.
- She joined the society in 2022 and significantly expanded support for homeowners, including launching a foreign nationals mortgage offering.
- Matt Kingston is set to succeed Pallett as sales director in March 2025, promising to continue her legacy.
- Pallett recently received the Bharat Sagar Lifetime Achievement Award at the British Mortgage Awards 2024.
- The society is undergoing a rebrand, aiming to evolve into a specialist lender under Kingston’s leadership.
In a notable development within the financial services sector, Alison Pallett has announced her retirement from Nottingham Building Society. Pallett has enjoyed a commendable 42-year-long career, culminating in her role as sales director, a position she has held since joining the society in November 2022. Pallett has been instrumental in advancing services for homeowners, most notably through the introduction of a foreign nationals mortgage product, which represents a key part of the society’s strategic initiatives to broaden its demographic reach.
Pallett’s tenure at Nottingham Building Society has been marked by a commitment to innovation and growth within the intermediary market. Her leadership and foresight have opened new avenues for expansion, particularly for first-time buyers. Her achievements were recently recognised when she was awarded the Bharat Sagar Lifetime Achievement Award at the British Mortgage Awards 2024, acknowledging her outstanding contributions to the mortgage industry.
Set to step into Pallett’s shoes from March 2025 is Matt Kingston. Currently head of national sales, Kingston is poised to take on the role of sales director with a resolute vision for the future. With over ten years of experience in sales leadership within the broker market, Kingston aims to strengthen the society’s offering as it transitions into a specialist lender. His appointment coincides with the society’s rebranding efforts, underscoring its commitment to adapt and align with evolving market needs.
Kingston’s focus is explicitly directed towards expanding support structures for prospective homeowners. In his words, he is honoured to continue the work started by Pallett and is eager to maintain momentum. With an emphasis on delivering comprehensive support and enhancing the accessibility of homeownership, Kingston’s leadership reflects a strategic approach to sustainable growth.
As Pallett reflects on her career, she expresses pride in the strides made by the Nottingham Building Society under her guidance. She noted, “Working with Nottingham Building Society has been one of the most rewarding experiences of my career. It’s been incredible to see the business make real strides in the mortgage market and broaden our reach to support first-time buyers.” Her confidence in Kingston’s capabilities is evident, as she acknowledges his passion and commitment, believing he is well-suited to carry the mantle forward.
Alison Pallett’s departure marks the end of a significant era for Nottingham Building Society, as it looks to the future with Matt Kingston at the helm.
