23 September 2021

TSB announces Nick Prettejohn as new chairman

TSB is pleased to announce the appointment of Nick Prettejohn as its Chairman, subject to regulatory approval. Nick will join the TSB Board as a Non-Executive Director on 1 November and will take up the role of Chairman, succeeding Richard Meddings, later in the year.

Nick Prettejohn has a wealth of Executive and Board-level experience. He has served as Chief Executive of Lloyd’s of London, Prudential UK and Europe, and was Chairman of Brit Insurance. He is currently a Non-Executive Director of Lloyds Banking Group, and holds a number of Chair roles at LBG subsidiary, Scottish Widows Group, media and publishing group Reach plc and the human rights charity Prisoners Abroad.  He was formerly a Non-Executive Director of both the Prudential Regulation Authority and Legal & General Group Plc, as well as Chairman of the Financial Services Practitioner Panel and the Financial Conduct Authority’s Financial Advice Working Group.

TSB’s Senior Independent Non-Executive Director, Lynne Peacock, who led the search, says: 

“I’m delighted Nick is joining TSB as our new Chair. He brings significant experience in leading boards, developing teams and managing stakeholders, crucially, with a strong track record in developing businesses for the better.

“I also want to take this opportunity on behalf of the TSB Board to thank Richard Meddings for his outstanding service to the bank over the past four years. He leaves with TSB well set for the future – with a highly effective CEO, Debbie Crosbie, and her experienced management team taking forward a growth strategy that is already delivering strong results.”

Nick Prettejohn says: 

“I’m delighted to be joining TSB as Chairman. I look forward to leading the Board and supporting Debbie Crosbie and the executive team to continue to deliver the growth strategy and provide TSB customers with consistently excellent service.” 

Banco Sabadell’s Chairman, Josep Oliu, commented: 

“TSB and the wider Sabadell Group will benefit from Nick’s leadership. TSB is generating real momentum and Nick’s experience will be invaluable as the group delivers on the strategy we set out earlier this year.”  

Nick Prettejohn, Chairman 

Nick has more than 30 years of executive experience, in-depth financial services and regulatory knowledge, and a strong track record of leading boards and businesses. Nick worked in various positions across consulting, strategy and business development before becoming Chief Executive of Lloyd’s of London, managing the institution through the 9/11 crisis. He has also served as CEO of Prudential UK and Europe.

He has also chaired the Financial Services Practitioner Panel and the Financial Conduct Authority’s Financial Advice Working Group; the Britten-Pears Foundation; Brit Insurance and the Royal Northern College of Music; and was Non-Executive Director of the Prudential Regulation Authority and Legal and General plc; Member of the BBC Trust; and trustee of the Royal Opera House. 

He is currently a Non-Executive Director of Lloyds Banking Group, and Chairman at LBG subsidiary, Scottish Widows Group, Reach plc and Prisoners Abroad.