22 May 2014

TSB Bank plc announces non-executive board appointments

TSB Bank plc today announces that Philip Augar, Dame Sandra Dawson, Sandy Kinney Pritchard, Stuart Sinclairand Polly Williamsare to join its Board as Non-Executive Directors, with immediate effect

The new appointments join the existing Non-Executive Directors and Norval Bryson, on TSB's Board headed by Chairman, Will Samuel.

Executive Directors on TSB's Board include Paul Pester, Chief Executive Officer, and Darren Pope, Chief Financial Officer.

Commenting on the appointments, Will Samuel, Chairman of TSB Bank plc, said: "I am delighted to welcome the new members of TSB's Board, marking another important milestone for the Bank.

"It's unusual to recruit five Non-Executive Directors at once and I am delighted that we have secured such a strong team with a broad range of relevant skills."

Commenting on the announcement, Paul Pester, Chief Executive Officer of TSB Bank plc, said: "Given the scale and capabilities of TSB and our role in bringing more competition to the UK banking industry and more choice for consumers, it is hugely important to have a strong and diverse Board that can represent the customers we serve.

"Our new Board members share our passion for delivering local banking for Britain and bring with them a breadth and depth of experience that will be invaluable in shaping the Bank's future."

Non-Executive Director appointments

Philip Augar

Philip was a Non-Executive Board member at the Home Office from 2010 to 2014, and at the Department for Education between 2004 and 2010. He is the author of several books on financial services and previously held Executive roles at NatWest and Schroders.

Dame Sandra Dawson (Chair of Remuneration Committee)

Dame Sandra has 18 years of Non-Executive experience and a strong background in organisational change. The six years she spent at Barclays and her most recent role at the FSA have given her a broad understanding of the UK financial services industry.

Sandy Kinney Pritchard (Chair of Risk Committee)

Sandy has had extensive Non-Executive Bank Board experience since retiring from her Partnership with PwC in 2002, where she was a specialist financial services partner. Subsequently, her experience includes six years on the Board of the Financial Services Compensation Scheme, eight years on the Board of Skipton Building Society, as well as a term as Chair of Audit and Risk. More recently, Sandy completed three years on the Board of the Irish bank, Permanent TSB. She is currently on the Board of MBNA, Bank of America.

Stuart Sinclair

Stuart has wide experience in the banking and insurance industries having held Non-Executive positions at Platinum Bank, LV=, QBE European Operations and, more recently, Swinton. Prior to this, Stuart spent two years at Aspen Insurance Holdings Limited as President and Chief Operating Officer, following tenures at General Electric Co and Royal Bank of Scotland, where he was Chief Executive Officer for Tesco Personal Finance.

Polly Williams (Chair of Audit Committee)

Polly was an audit partner at KPMG responsible for banking clients and has over eight years' experience as a Non-Executive Director in the financial and other sectors, including Chair of audit roles. Her knowledge of large bank audits, together with her banking experience at National Counties Building Society, has given her strong experience interpreting financial information and trends in financial services businesses, and she is well informed about the banking industry.

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Notes to editors

TSB Board structure

Chairman Will Samuel
Chief Executive Officer Paul Pester
Chief Finance Officer Darren Pope
Non-Executive Directors Philip Augar
Norval Bryson
Sandra Dawson (Remuneration Committee Chair)
Sandy Kinney Pritchard (Risk Committee Chair)
Stuart Sinclair  
Polly Williams (Audit Committee Chair)

For further information about TSB Bank plc, please visit our website www.tsb.co.uk.

Philip Augar

Current positions

  • Philip Augar and Associates, consulting and writing (since 2000).
  • KPMG, Non-Executive, Public Interest Committee Member (since 2013).

Non-Executive career

2010 - 2014 Home Office.
Non-Executive Board Member, Chairman, UK Border Agency 2012 - 2013.
2009 - 2010 Scottish Parliament.
Advisor on the banking crisis enquiry.
2009 - 2010 Future of Banking Commission.
Member of independent cross-party commission led by the MPs Vince Cable, David Davis and John McFall.
2004 - 2010 Department for Education and predecessors.
Non-Executive Board Member, Chairman, Audit and Risk Assurance Committee.
1998 - 2002 Fuller, Smith & Turner.
Senior Independent Director, Audit Committee Chair.

Executive Career

1995 - 2000 Schroders plc, Group Managing Director, Securities.
1989 - 1995 NatWest, Senior Managing Director, NatWest Markets.
1987 - 1989 St Catharine's College, Cambridge, Fellow and Bursar..
1978 - 1987 Fielding Newson Smith and Wood, Mackenzie, Investment Analyst.

Education

PhD; MA; Post Graduate Cert Ed, Clare College, Cambridge.

Dame Sandra Dawson

Current positions

  • Winton Capital Management, Non-Executive Director (since 2013).
  • DRS Data & Research Services, Non-Executive Director (since 2012).
  • Institute of Government, Trustee (since 2012).
  • Social Science Research Council USA, Trustee (since 2009), Chair of Executive Committee (since 2013).

Non-Executive career

2010 - 2013 Financial Services Authority, Non-Executive Director.
2003 - 2009 Barclays plc, Non-Executive Director.
1996 - 2007 Cambridge Econometrics, Non-Executive Director.
2002 - 2004 Rand Europe (UK), Non-Executive Director and Trustee.
2000 - 2004 Alchemy Partners, Member, Advisory Board.
1999 - 2003 Society for Advancement of Management Studies, Non-Executive Director.
1996 - 2003 JPMorgan Fleming Claverhouse Investment Trust, Non-Executive Director.
1996 - 1999 Public Health Laboratory Service, Non-Executive Director.
1992 - 1995 Riverside Mental Health NHS Trust, Chairman.
1990 - 1992 Riverside Health Authority, NHS, Non-Executive Director.

Executive Career

1995 - 2013 University of Cambridge
KPMG Professor of Management Studies.
2008 - 2012 One of several Deputy Vice Chancellors.
1999 - 2009 Master, Sidney Sussex College.
1995 - 2006 Director, Judge Business School.
1969 - 1995 Imperial College, London University
1990 - 1995 Professor of Organisational Behaviour.
1987 - 1994 Deputy Director, the Management School.
1980 - 1990 Senior Lecturer.
1973 - 1980 Lecturer.
1971 - 1973 Senior Research Officer.
1969 - 1971 Research Assistant
1968 - 1969 Government Social Survey, Research Officer.

Education

BA, History & Sociology, University of Keele.

Other

  • Member, UK - India Round Table (since 2006).
  • Trustee, Oxfam (2006 - 2012).

Sandy Kinney Pritchard

Current positions

  • MBNA Europe, Non Executive Director (since 2012).

Non-Executive career

2010 - 2013 Irish Life and Permanent Group Holdings, Non-Executive Director.
2003 - 2012 Skipton Building Society, Non-Executive Director.
2005 - 2011 Financial Services Authority, Financial Services Compensation Scheme.

Executive Career

1993 - 2002 PricewaterhouseCoopers, Senior Partner - Head of European Strategic.
Performance Improvement and the European Crisis Management practices.
1986 - 1993 KPMG, Partner - Specialist in Financial Services.
1983 - 1986 Anglo American Corporation, Head of Treasury Operations, Anglo American.
Corporation, South Africa / New York.
1981 - 1983 Guinness Ireland, Accountant.
1979 - 1981 Stokes Kennedy Crowley, Dublin, Trainee Accountant.

Education

FCMA, MBA (Trinity College), Harvard Executive Programme (PwC), B.Com (Hons) University College Dublin.

Other

  • Gradient Hedge Funds - Main Shareholder.
  • Advisor to Aon Ltd - Risk Management (2002 - 2004).

Stuart Sinclair

Current positions

  • Swinton, Senior Independent Non-Executive Director (2013).
  • QBE, Non-Executive Director (since 2013).
  • Provident Financial plc, Non-Executive Director (since 2012).
  • Prudential Health Limited, Non-Executive Director (since 2008).

Non-Executive career

2010 - 2013 Home and Savings Bank, one of the founding shareholders.
2008 - 2013 Platinum Bank, Chairman.
2008 - 2011 Universal Insurance, Kiev, (Goldman start-up), Non-Executive Director.
2008 - 2010 LV=, Non-Executive Director.

Executive Career

2006 - 2008 Aspen Insurance Holdings Limited, President & Chief Operating Officer.
1999 - 2006 General Electric Co
2004 - 2006 President & Chief Executive, GE Capital China.
1999 - 2004 resident & Chief Executive, GE Consumer Finance.
1994 - 1999 Royal Bank of Scotland plc
1998 - 1999 Chief Executive , Tesco Personal Finance.
1995 - 1998 Director, UK Retail Banking.
1994 - 1995 Assistant Director, Change Management.
1989 - 1994 Mercer Management Consulting (Boston), Principal.
1986 - 1989 Braxton Associates (London and Boston), Manager.
1984 - 1986 ABT Associates (Cambridge, MA), Manager.
1976 - 1982 Worked as international economist for various organisations including General Motors
Europe, Saudi Arabian Foreign Ministry; United Nations.

Education

MA, Economics, University of Aberdeen. MBA, University of California.

Other

  • Former Advisory Chairman, Money Dashboard Limited.

Polly Williams

Current positions

  • National Counties Building Society, Chairman (since 2006, Chairman since 2010).
  • Daiwa Capital Markets Europe, Non-Executive Director (since 2011).
  • Scotiabank Ireland Limited, Non-Executive Director (since 2005).

Non-Executive career

2011 - 2012 Worldspreads Group plc.
2007 - 2012 Advanced Payment Solutions (APS Financial Limited).
2007 - 2010 Espirito Santo Investment Bank.
2006 - 2010 National Counties Building Society.
2006 - 2008 Avisen plc.
2005 - 2006 Legend Communications plc.

Executive Career

1986 - 2003 KPMG LLP
1997 - 2003 Partner.
1989 - 1997 Associate.
1986 - 1989 Articles.

Education

BA, Accountancy & Computer Sciences, Sheffield University. Chartered Accountant (ICAEW).

Other

  • Deputy Chair, Rugby School Enterprises (1998- 2012).
  • Chair of Trustees, Westminster Almshouses Foundation.

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