02 December 2019

TSB Bank plc announces changes to its Board, David Vegara appointed as Non-Executive Director

TSB today announced the appointment of David Vegara to the TSB Board as Non-executive Director, effective as soon as regulatory requirements are completed. David succeeds Miquel Montes who steps down after four and a half years in the role. This is part of a planned rotation of the Sabadell nominated directors on the TSB Board.

TSB’s Chairman, Richard Meddings said: “We are delighted to welcome David to the TSB Board. David brings valuable expertise and experience as TSB looks to deliver its new strategy. On behalf of the whole Board, I’d like to thank Miquel for his service to TSB and wish him success in his continuing executive role at Sabadell.”

David Vegara Biography

Mr. Vegara is Banco Sabadell’s Chief Risk Officer (CRO) and an Executive Board Member, with responsibilities over risk control, compliance, research and supervisory and regulatory relations. He is also a member of the Supervisory Board at the Hellenic Corporation of Assets & Participations S.A. (HCAP).

Previously he was an Associate Professor (Lecturer) at ESADE Business School (banking, finance, macroeconomics, 2015-2018), Deputy Managing Director-Banking at the European Stability Mechanism (2012-2015) and Deputy Director of the Western Hemisphere Department at the International Monetary Fund (2010-2012). Prior to joining the IMF, Mr. Vegara served as State Secretary for Economic Affairs at the Spanish Ministry of Economy and Finance from 2004 to 2009 and was also Chairman of the European Union's Financial Services Committee (2005- 2009).

Mr. Vegara holds a MSc. in Economics from the London School of Economics and an Economics degree from the Universitat Autònoma de Barcelona.

Media Contacts

For further information please contact:

Supreet Thomas, Head of Communications

07519 502 123 | supreet.thomas@tsb.co.uk

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