Marc Armengol to become CEO of Sabadell Group

The TSB Board has today announced that Marc Armengol will step down as TSB Chief Executive Officer (CEO) and take up the role of CEO of Sabadell Group, subject to regulatory approval, after their AGM in May 2026. 

Marc will continue to serve as CEO of TSB until the completion of the proposed acquisition by Santander, expected in the first half of 2026. The TSB Board will provide a further update on a new CEO of TSB closer to that time.

Commenting on the announcement, the Chair of TSB, Nick Prettejohn, said:

“Over the past year, Marc has led TSB with distinction, including managing the business through the proposed takeover by Santander.

“The publication of our full-year results tomorrow will outline the extensive success TSB has achieved under Marc’s leadership. He will remain as CEO until the proposed change of ownership takes place, ensuring we maintain continuity for TSB colleagues as they continue to meet the needs of our customers across the UK.

“While Marc’s appointment is just reward for everything he has achieved personally, it is also testament to the role TSB has played in supporting Sabadell Group’s growth and success. Over the past five years, TSB has contributed significantly to the financial performance of Sabadell, and Marc has been at the heart of that transformation – first as TSB’s Director of Corporate Strategy, then as a Board Director, and more recently as CEO.

“On a personal level, Marc has been a joy to work with and leaves with our best wishes for the future and thanks for everything he has done in the past.”

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