5 February 2016

TSB Banking Group announces new audit director

TSB Banking Group today confirms its audit director, Rosemary Hilary, has decided to retire at the end of March 2016.

Paul Pester, TSB's CEO, talking about her decision, says: "Rosemary has had a long and successful career including senior roles at the FCA and the Bank of England. Since moving to TSB in late 2013, she has played an important role in helping to establish TSB as Britain's challenger bank, and I am grateful for everything she has delivered."

TSB is pleased to confirm its new Audit Director, subject to regulatory approval, will be Carlos Paz, who joins the Bank on 1 March 2016 from within the Sabadell Group. Carlos is currently Chief Risk Control Officer within Sabadell, and therefore brings a wealth of knowledge and expertise to his new role.

On joining the TSB Executive Team, Carlos says: "I'm excited to be joining TSB at such an important time in its history, and look forward to working with everyone over the coming years to contribute to TSB's success as Britain's challenger bank."

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