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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

TSB appoints Marc Armengol as new CEO amid uncertainty over bank’s future

TSB Sabadell Robin Bulloch BBVA
A TSB sign.
The TSB chair says Marc Armengol ‘is a proven leader who knows TSB well’. Photograph: Aaron Chown/PA

TSB has appointed the former executive Marc Armengol as its new chief executive as the bank faces uncertainty over its future, with its parent company facing a hostile $13bn (£10.2bn) takeover bid.

Armengol, a former strategy director at TSB who has served on the board since 2022, originally joined the UK bank’s Spanish owner Sabadell in 2002. He will take over as CEO at the start of 2025.

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