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Ralph Coates to step down as TSB CFO; Declan Hourican appointed successor

20th May 2021


  • Ralph Coates to leave TSB in September after five years on Executive and Board
  • Declan Hourican to join TSB after five years as CFO at Tesco Bank

TSB has today announced that after five years Ralph Coates, Chief Financial Officer, has announced his intention to step down from the bank later in the year.

Following an extensive search, Declan Hourican has been appointed TSB CFO from September, following an orderly handover with Ralph.

Ralph has been pivotal to the transformation of TSB since joining from the Bank of England in 2016. He played a key role in developing TSB’s new growth strategy supporting CEO Debbie Crosbie, and over the last year he has helped the bank safely navigate the unprecedented challenges of COVID-19.

Debbie Crosbie, TSB Chief Executive Officer, thanked Ralph for the pivotal role he has played in helping deliver the bank’s strategy and welcomed Declan’s appointment:

“Ralph is an outstanding leader and has made a valuable contribution to TSB both as CFO and as a Board Member in a crucial period of TSB’s recent history. Personally, I’d like to thank Ralph for the excellent support he’s given me in my first two years at TSB.”

“I’m delighted to welcome Declan to TSB. He is an accomplished business leader, with a great track record and I know we will benefit hugely from his expertise and experience.”

Richard Meddings, TSB Chairman said: “Ralph has been courageous in adversity, with strong values and integrity throughout. He has made an immense contribution to TSB.

“Declan is an excellent appointment and we look forward to him joining the TSB Board later in the summer.”

Ralph Coates, TSB Chief Financial Officer said: “This hasn’t been an easy decision. TSB is a special business with fantastic people, and is really starting to hit its straps. But I feel that now is the right time to pass the baton to a successor. The past five years have undoubtedly been challenging, but also amongst the most enjoyable and rewarding of my career, and I’m grateful to all my colleagues for what we’ve achieved together.”

Ralph will continue in role until September and will present TSB’s H1 results with Debbie Crosbie at the end of July.

Declan Hourican joins TSB on 13 September, when he will become a member of the TSB Executive Committee and Board. He joins from Tesco Bank where he has been Chief Financial Officer since 2016 and played a central role in delivering against the Bank’s goal to help Tesco shoppers manage their money a little better every day. He also led the recent acquisition of their joint venture, Tesco Underwriting, as part of a broader transformation of the insurance business. Declan previously worked at RBS for 14 years where he held various CFO roles including in restructuring, non-core, retail banking and insurance.

Declan Hourican said: “I am delighted and proud to be joining TSB, a bank with a trusted brand and a rich heritage. I look forward to joining Debbie and the TSB team to help in delivering Money Confidence for customers every day and helping the bank to continue to grow and innovate.”

The appointment is subject to regulatory approval.


Notes to editors


  • Declan Hourican was appointed Tesco Bank CFO in 2016 after 14 years at the then Royal Bank of Scotland Group.
  • Declan is a graduate of University College Dublin and the Michael Smurfit Graduate School of Business, Dublin, and is a Fellow of the Institute of Chartered Accountants.
  • Ralph Coates was appointed TSB Chief Financial Officer, and joined the Board, in 2016. Further details on Ralph Coates.