TSB today has announced it has appointed Vanessa Swanton as Chief Audit Officer, subject to regulatory approval. Vanessa joins TSB from LV (Liverpool Victoria), the insurance company where, as Chief Audit Officer and member of the executive team, she led the Internal Audit function and Special Investigation team.
At TSB, Vanessa will join the executive team with responsibilities for the audit function, including providing critical assurance and oversight over strategic business changes and ensuring the bank adheres to essential governance and controls. Vanessa will join in June and report to Polly Williams, TSB’s independent non-executive director and Chair of TSB’s Audit Committee.
Commenting on the appointment Polly Williams, Chair of TSB’s Audit Committee said: “Vanessa has a wealth of experience and expertise across insurance and retail banking which will be invaluable in this role. With her deep knowledge on audit and her experience in advising boards, I look forward to the contribution Vanessa will make to TSB.”
Debbie Crosbie, TSB CEO said: “I’m delighted to welcome Vanessa to TSB. It’s important to have someone of Vanessa’s calibre leading the internal scrutiny of our work in delivering TSB’s strategy.”
Biography of Vanessa Swanton
Vanessa joins TSB from insurance company LV (Liverpool Victoria) where she was Chief Internal Auditor for two years. At LV, Vanessa led the Internal Audit function and Special Investigation team and was responsible for the design and execution of the annual Internal Audit Plan and coordination of all assurance activity. She was also member of the executive team, reporting to the Chair of the Audit Committee and the Group CEO.
Prior to joining LV, Vanessa was a Director at management consultancy Ernst & Young where she had a two-year secondment as Interim Director of Internal Audit at Lloyds Banking Group Insurance.
Vanessa started her career at Lloyds Banking Group on its management programme. She spent 16 years with the Bank working across all areas of the Group and three lines of defence.
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Notes to editors
- Vanessa replaces TSB’s interim Chief Audit Officer, Richard Waspe, who has decided to step down after three years with the business.