TSB Bank UK Names Marc Armengol as Chief Executive Officer, Effective March 2025

Marc Armengol took over as Chief Executive Officer of TSB Bank on 21 March 2025, following confirmation that the required regulatory approval had been received, the United Kingdom retail bank announced. The appointment had been announced by TSB's parent company, Banco Sabadell, in November 2024.

Robin Bulloch, who stepped down from the chief executive role, retired after five years at TSB and a 45-year career in financial services.

ARMENGOL'S BACKGROUND AT SABADELL

Prior to his appointment as chief executive of TSB, Armengol served as Chief Operations Officer for Banco Sabadell, the Spanish banking group that owns TSB, a role he held from March 2021 to December 2024. In that capacity, Armengol was responsible for operational management across the parent group's businesses.

ABOUT TSB

TSB operates as a challenger bank within the United Kingdom's retail banking market, targeting personal customers and small businesses with a range of deposit, lending, and transactional banking products.