22 September 2017

Richard Meddings and Dr Stephen Page to Join TSB Bank PLC as Independent Non-Executive Directors

TSB Bank plc is pleased to announce the appointment of Richard Meddings and Dr Stephen Page as Independent Non-Executive Directors.

TSB launched back in 2013 with a mission to bring more competition to UK banking and ultimately make banking better for all UK consumers. Four years on, TSB has over five million customers and is Britain’s most recommended high street bank1.

Since launch TSB has been focused on breaking the stranglehold that the big five banks have had on the consumer banking market. In 2018 TSB will broaden its focus to include helping more local businesses right across the UK to thrive; the Bank recently announced the appointment of Richard Davies as its new Commercial Banking Director to spearhead this ramp up.

The Bank’s high-tech transformation is also gathering pace and customers are seeing the changes afoot with the launch of TSB’s new mobile app in April and TSB’s recent announcement that it is partnering with Samsung to integrate iris recognition into its mobile app.

Commenting on today’s appointments, Will Samuel, Chairman at TSB says: “I am delighted to welcome Richard and Stephen to TSB. Richard is an experienced Board Director with a deep understanding of UK retail banking both from a consumer and business perspective, and Stephen brings a wealth of technology and digital insight to our non-executive team. Their expertise will be invaluable as we continue to deliver on TSB’s growth strategy in 2018 and beyond.”

Richard’s other non-executive positions include Deutsche Bank, HM Treasury and JLT. He also has a wealth of retail and business banking experience having previously held executive positions at Barclays and Woolwich. He was Group Finance Director at Standard Chartered between 2006 and 2014.

Richard says: “I’m really looking forward to joining the UK’s challenger bank. TSB has seen four years of extraordinary growth since it launched. There are many more opportunities to come as TSB continues on its mission to bring more competition to UK banking – in particular business banking – and it’s fantastic to be a part of that.”

Stephen holds a number of non-executive roles with a focus on doing business in the digital age. He is a board member at BSI Group, the National Crime Agency, and the British Library. In his executive career, he was a business and technology strategist at Accenture – holding roles as their Global Head of IT Strategy and Transformation, and Commercial Director of Technology Consulting.

Stephen says: “I’m delighted to be joining TSB at such an exciting time for the Bank. The way people do their banking is changing fast and TSB has some great opportunities to develop its digital services. I’m looking forward to supporting TSB on this journey.”

Richard Meddings

Richard Meddings

Dr Stephen Page

Stephen Page

Notes to editors

1 Source: BDRC Customer Advocacy (NPS) Benchmark. Based on 23,000 consumers surveyed in Q4 2016 and Q2 2017.

About TSB

TSB was built to bring more competition to UK banking and ultimately make banking better for all UK consumers. TSB only serves local customers and local businesses, to help fuel local economies, because communities thriving across Britain is a good thing for all of us.

We have a simple, straightforward and transparent banking model and make clear on our website how we operate and make money. We offer the products and services people tell us they want, with none of the funny stuff people normally associate with traditional banks.

Our five million customers appear to notice: TSB is Britain’s most recommended high street bank and was recently identified as one of the top 10 big companies to work for.

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

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