Manganese Bronze Holdings chief executive Ian Pickering has joined the board of the Coventry Building Society in a non-executive capacity.

His links with Coventry stem from Manganese Bronze's London Taxis International operation which builds the world famous black cabs in the city.

"My connections with Coventry have made me very aware of the important role Coventry Building Society plays in financial services and how it has become one of the most successful building societies in the country," he said.

Society chairman David Harding said Mr Pickering's "experience and expertise will prove invaluable".

In another move announced yesterday, investment firm Morgan Stanley Quilter has named Birmingham-based investment manager Tim Horrocks as the next head of its Leicester branch.

He will replace Tony Huntington, who will retire in July 2006.

Mr Horrocks has 18 years of private client investment management experience and joined Morgan Stanley Quilter in 1999.