Press Releases 2017

Work and study benefited Principality CEO and former student


Home is where the heart is for Principality Chief Executive Stephen Hughes, a former UWTSD student, who says he benefited from working and studying at the University at the same time.

The 45-year-old avid Swans fan, who grew up in Plasmarl, Swansea and attended Pentrehafod Comprehensive, joined the Society in December 2011 and initially held the role of Group Deputy Finance Director. He was appointed to the Society’s Board in March 2013 as Group Finance Director with responsibility for Finance, IT and Business Change.

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The move to Principality followed Mr Hughes’s six year role as Finance Director at Lloyds TSB General Insurance Limited, where he played a key role in the integration programme to join Lloyds TSB with Halifax, following the merger of the two companies in January 2009.

A qualified accountant, Mr Hughes has had 20 years’ experience in finance, beginning his varied career at the automotive manufacturing companies Schaeffler UK and Calsonic Kensei, near Swansea. Other positions included, International Financial Controller/ Director at H.P. Bulmer and later Head of Commercial Operations at Britain’s biggest Brewery, Molson Coors, before moving to the financial services sector.

Mr Hughes is also Chairman of Business in the Community in Wales. He lives in Swansea with his wife, a teacher at Hendrefoilan Primary, and three young sons. He is a member of the Chartered Institute of Management Accountants.

“I’m a Plasmarl boy who went to Pentrehafod Comprehensive School where I did my GCSE and A Levels, before undertaking an accountancy apprenticeship at INA / Schaeffler in Llanelli,” he said in an interview with UWTSD.

“Swansea is a city I love for sport, the Gower and the people.  The community where I live is really important. A city with potential that I hope gets investment to move it forward.

"My wife did her degree and teacher training at Swansea Institute and has been a teacher for the last 20 years at Hendrefoilan Primary School.”

Mr Hughes enrolled at Swansea Institute of Higher Education, now UWTSD, where he studied for the Chartered Institute of Management Accountants ( CIMA ) on day release and night school.

I benefited massively from working and studying at the same time, being able to apply theory and practical application together. CIMA was a great qualification. I met good people and lecturers who I learned from and developed,” he said

What advice would he give to a student starting out on a business career? “Set yourself a goal. Be ambitious, take some personal risk, work in businesses that share your values and make decisions on bringing your heart and head together – a gut feel,” he said.

UWTSD is building a new home for its science and education faculties in SA1, further extending higher education in the heart of the city, working with businesses and start-ups and creating a new learning community. Being part of, and working with, the Swansea community is very important to UWTSD. As CEO of a mutual building society, how important is community to you, we asked Mr Hughes

"As CEO of a mutual building society, community is a big part of my life – my family, friends , sports clubs , where I live – it’s probably the most important part of my life,” he said. “I have 3 young sons that keep me close to those communities too. I benefit from working for a mutual business that has Communities at its heart – we have 71 branches and agencies across Wales and the borders which play important roles in their communities. We invest in school, business and charity partnerships that have a meaningful impact on people’s lives.

“We would love your students to come and talk to us in our branches on what mutuality means, how we help them save or buy their home. We employ 1100 people in Wales and can provide career opportunities in Customer Service, Marketing, IT , Finance and Risk.”

Note to Editor

Rebecca Davies

Swyddog Gweithredol Cysylltiadau â’r Wasg a’r Cyfryngau

Executive Press and Media Relations Officer

Cyfathrebu Corfforaethol a Chysylltiadau Cyhoeddus

Corporate Communications and PR

Tel: 01792 483695
Mobile: 07496 385597