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 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
|Chief Executive Officer||Paul Pester|
|Chief Finance Officer||Darren Pope|
|Non-Executive Directors||Philip Augar
Sandra Dawson (Remuneration Committee Chair)
Sandy Kinney Pritchard (Risk Committee Chair)
Polly Williams (Audit Committee Chair)
For further information about TSB Bank plc, please visit our website www.tsb.co.uk.
- Philip Augar and Associates, consulting and writing (since 2000).
- KPMG, Non-Executive, Public Interest Committee Member (since 2013).
|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.
|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.|
PhD; MA; Post Graduate Cert Ed, Clare College, Cambridge.
Dame Sandra Dawson
- 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).
|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.|
|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.|
BA, History & Sociology, University of Keele.
- Member, UK - India Round Table (since 2006).
- Trustee, Oxfam (2006 - 2012).
Sandy Kinney Pritchard
- MBNA Europe, Non Executive Director (since 2012).
|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.|
|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.|
FCMA, MBA (Trinity College), Harvard Executive Programme (PwC), B.Com (Hons) University College Dublin.
- Gradient Hedge Funds - Main Shareholder.
- Advisor to Aon Ltd - Risk Management (2002 - 2004).
- 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).
|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.|
|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.
MA, Economics, University of Aberdeen. MBA, University of California.
- Former Advisory Chairman, Money Dashboard Limited.
- 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).
|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.|
|1986 - 2003||KPMG LLP|
|1997 - 2003||Partner.|
|1989 - 1997||Associate.|
|1986 - 1989||Articles.|
BA, Accountancy & Computer Sciences, Sheffield University. Chartered Accountant (ICAEW).
- Deputy Chair, Rugby School Enterprises (1998- 2012).
- Chair of Trustees, Westminster Almshouses Foundation.