01 February 2021

TSB appoints Adam Banks as Independent Non-Executive Director

TSB has today announced the appointment of Adam Banks to the TSB Board as an Independent Non-Executive Director, effective from 8 February 2021.

Adam is an experienced Board Director, with over twenty-five years’ experience in Information Technology and Operations where he has led on technological processes and systems within large global organisations.

Most of his career has been spent in financial services including sixteen years with Visa Europe and later the fintech, Monitise. Between 2015 and 2020, Adam led the technology organisation and digitisation of A.P. Moller Maersk.

Adam brings valuable technology and digital expertise to TSB’s Board, which will help steer TSB’s strategy to progress the breadth and depth of the bank's digital offerings.

TSB’s Chairman, Richard Meddings, said: “I am delighted to welcome Adam to the Board. His appointment brings further technology and operations expertise to the TSB boardroom at a time when we are firmly focused on delivering the digital transformation required to meet the changing needs of TSB customers.”

Today’s announcement further strengthens the TSB Board following last year’s appointments of Lynne Peacock, Libby Chambers, César González-Bueno, Mark Rennison and David Vegara.

Adam Banks, said: “I’m looking forward to working with the Board to support the delivery of TSB’s digital strategy to enhance the customer experience.”

Adam Banks biography

After graduating from the University of Portsmouth in Business Information Systems, Adam joined International Computers Limited before moving to Lloyd’s of London. Adam worked for Visa Europe for sixteen years until 2013 when he moved to Monitise. From 2015 to 2020, Adam worked for A.P. Moller Maersk where he was Group Chief Information and Technology Officer, leading worldwide change, technology strategy and delivery.

Adam currently sits on the Boards of Pollinate International, Dakia, Euroclear UK&I and DCSA. Previous advisory board roles include IBM and Gartner.

Media Contacts

Joseph Eyre, Senior Media Relations Manager
T: 07483 432 546 | joseph.eyre@tsb.co.uk

TSB Media Relations
T: 020 7003 9369

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Notes to editors

Libby Chambers was appointed to the TSB Board in October 2020. After a degree at Stanford University, Libby began her career at Morgan Stanley & Co. She later completed an MBA at Harvard Business School. Following ten years with McKinsey & Company as an associate and later a partner in its financial services practice, she worked in senior product, marketing and strategy roles at a number of major organisations including Western Union, Freshfields Bruckhaus Deringer, Barclays Bank, Barclaycard and Bank of America. Libby is a Senior Advisor to Searchlight Capital Partners and its portfolio companies and currently sits on the Boards of Provident Financial Group plc, Tilney Smith & Williamson Limited, and the University of Colorado Anschutz Medical Campus.

Mark Rennison was appointed to the TSB Board in August 2020. He is a chartered accountant and was CFO for Nationwide Building Society for 12 years where he was a key figure in leading the business through the financial crisis, successfully maintaining balance sheet resilience and growth. He began his career at Price Waterhouse (now PwC), where he spent over ten years as a partner, specialising in financial services. Mark is also currently a non-executive director at Homes England and Royal London.

Lynne Peacock was appointed to the TSB Board in April 2020. She has held Board level appointments for over twenty years. Lynne is currently a non-executive director of Serco plc (starting in 2017) and Royal Mail plc (starting in 2019). She has previously been a non-executive director of Nationwide Building Society, Jardine Lloyd Thompson plc, Standard Life Aberdeen plc and Scottish Water. Lynne was Chief Executive UK of National Australia Bank from 2004 to 2011 and Chief Executive of Woolwich plc from 2000 to 2003.

César González-Bueno was appointed to the TSB Board in March 2020. Cesar started his career at The Boston Consulting Group and McKinsey & Co. During the last 22 years he has been the CEO of several banks, including ING Spain, Novagalicia and the Gulf Bank of Kuwait, and has also served as Head of Europe for the ING Group. César was appointed as Chief Executive of Banco Sabadell (TSB’s parent company) on 16 December 2020, subject to regulatory approval.

David Vegara was appointed to the TSB Board in January 2020. David is Banco Sabadell's Chief Risk Officer and an Executive Board Member. Previously, David was Deputy Director of the Western Hemisphere Department at the International Monetary Fund (IMF). Prior to joining the IMF, David served as State Secretary for Economic Affairs at the Spanish Ministry of Economy and Finance and was also Chairman of the European Union's Financial Services Committee.