TSB Bank names Crosbie as new CEO
Reuters
Published Nov 19, 2018 07:51
TSB Bank names Crosbie as new CEO
LONDON (Reuters) - Britain's TSB Bank, a subsidiary of Spain's Sabadell (MC:SABE), on Monday named Debbie Crosbie as chief executive after its previous CEO resigned over a botched IT project.
Crosbie joins from CYBG PLC (L:CYBGC) where she has worked for over 20 years, most recently as chief operating officer.
She replaces Paul Pester, who stepped down as the bank's chief executive in September after months of pressure over a botched IT project that has cost more than 320 million euros (284.3 million pounds).
The bank saw a net loss of almost 17,000 current account customers in the second quarter of this year following a systems outage, data from payments authority Pay.UK showed.
TSB serves more than 5 million customers and has 550 branches across Britain.
Richard Meddings will continue in his role as executive chairman, before returning to his previous position as non-executive chairman when Crosbie joins the bank in 2019.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.