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Our People
Our Leadership Team is responsible for the day-to-day operation of TSB Banking Group plc and TSB Bank plc.
TSB Board
The Board is responsible for promoting the success of TSB Banking Group plc and TSB Bank plc by directing the companies' affairs.
The Board of Directors have diverse backgrounds and experience to help make us a better business.
Mahesh Aditya
Role: Non-Executive Director and Santander UK CEO (also Executive Director, Santander UK Board)
Michelle Hinchliffe
Role: Non-Executive Director, Board Audit Committee Chair and TSB Whistleblowing Champion (also Non-Executive Director, Santander UK Board)
José Doncel
Role: Non-Executive Director (also Senior Advisor to the Santander Group Executive Chairman and CEO)
The Board of TSB Banking Group plc (the 'Board') as a whole is collectively responsible for promoting the success of the Company by directing the Company's affairs. Other than matters expressly reserved to the Board or the Board of TSB Bank plc (the 'Bank'), authority for day to day operation of the Company and Bank is delegated to the Chief Executive Officer. Certain decisions and executive action are reserved to the Chief Executive Officer. Other than matters expressly reserved to the Chief Executive Officer, authority can be delegated to the respective Functional Heads (Executive Committee members), jointly or severally.
Certain responsibilities of the Board and Bank Board are delegated to Committees of the Board to assist the Board and Bank Board in carrying out their functions and to ensure independent oversight of internal control and risk management.
The Audit Committee is made up of five members who are all Non-executive Directors and includes at least one member with recent and relevant financial experience. The Audit Committee is chaired by Michelle Hinchliffe, who is an Independent Non-executive Director, and its other members are David Oldfield, Morten Friis, Judith Eden and Libby Chambers. The Audit Committee will normally meet at least four times a year at the appropriate times in the reporting and audit cycle.
The Audit Committee is responsible for assisting the Board in its oversight of: i) the integrity of TSB’s financial statements; ii) the qualifications, performance and independence of the external auditors; iii) the performance of the Internal Audit function; iv) internal controls; and v) compliance with legal and regulatory requirements pertaining to items i) through iv).
Updated Audit Committee Terms of Reference will be published shortly.
The Risk Committee is made up of five members who are all Non-executive Directors. The Risk Committee is chaired by Morten Friis, an independent Non-executive Director and its other members are Michelle Hincliffe, David Oldfield, Judith Eden and Libby Chambers. The Risk Committee will normally meet at least four times a year.
The Risk Committee is responsible for assisting the Board in overseeing risk management at TSB, ensuring that management has in place policies, processes and procedures and has the appropriate organisational structure, budget and resources to manage the principal risks to which TSB is exposed, including compliance with applicable laws and regulations. The Risk Committee is also responsible for championing a transparent and responsible risk culture within TSB, ensuring an appropriate balance between risk and reward which acts to deliver good outcomes for customers, a safe and resilient financial profile and collaborative relationships with regulators.
Updated Audit Committee Terms of Reference will be published shortly.
