TSB Bank has announced the appointment of Marc Armengol as the group’s new Chief Executive Officer succeeding Robin Bulloch.
The outgoing CEO has over a 45-year career in retail banking, including five years at TSB. Since becoming CEO TSB three years ago, Bulloch helped transform the customer experience, with TSB focused on delivering record financial results in consecutive years.
Armengol commented on his appointment, stating: “I’m delighted to be rejoining TSB – a leading challenger bank and trusted brand that is delivering Money Confidence for millions of customers every day.
“I’m looking forward to building on the great work and passion and commitment of TSB colleagues to continue to unleash TSB’s potential and deliver even more for customers.”
Armengol served as Strategy Director and a member of the TSB Executive Committee, from 2018 to 2021. He has been a member of the TSB Board since 2022, joining Sabadell in 2002 and has extensive international experience, including several years as COO in their international businesses.
TSB Chairperson, Nick Prettejohn, added: “We’re grateful to Robin for his outstanding contribution not only to TSB but also to retail banking for more than four decades. Robin leaves TSB a successful, simpler, stronger and more customer-focused bank and we’re well positioned for the next phase of growth.
“He hands over the baton to Marc who is a proven leader and knows TSB well. As an established TSB Board member, I’ve always admired Marc’s ambition for the future of TSB and its customers. Marc’s appointment will allow us to build further on the progress of recent years.”
Bulloch added: “I have been very fortunate to work in retail banking for virtually my whole career with a focus on doing what’s right for our customers.
“The fact that my executive career concludes with me at the helm of TSB, where I opened my first bank account aged five, gives me a personal sense of fulfilment. However, more importantly, I want to thank all of my colleagues at TSB for their dedication and their unstinting efforts every day to make TSB a better bank.”
