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Marc Armengol takes over as new TSB Chief Executive Officer
The TSB Board is pleased to confirm Marc Armengol has taken up the post as TSB’s Chief Executive Officer (CEO), following regulatory approval.
Having served previously as Corporate Strategy Director and as Non-Executive Director of the bank, Marc’s return to TSB marks a new chapter for the bank as it builds on its third consecutive year of record results.
Marc brings a long-standing career of expertise in innovation and customer service to TSB, most recently in his role as Chief Operations Officer at Banco Sabadell, TSB’s parent group.
Commenting on the appointment, Chair of the TSB Board, Nick Prettejohn said:
“TSB continues to build on its position as an important retail bank that’s delivering on its Money Confidence purpose and I’m delighted that Marc will now return to lead the business.
“Not only does Marc have extensive experience in banking at the highest international level – but he has been at the heart of TSB for several years.”
“I have no doubt that we will benefit hugely from Marc’s strategic vision and ambition for the business; his expertise across retail banking and technology; and his absolute focus on delivering even more for our customers.”
Marc Armengol, Chief Executive Officer, TSB, said:
“As a recognised household name, with a modern technology platform, and an outstanding focus on the issues that matter most to our customers – I believe TSB is set up for an even brighter future ahead.”
Notes to editors
- TSB’s 2024 Full Year Results, announced on 7 February 2025, reported a third year of record profits at £290.4 million for 2024; an increase of 22% from 2023.
- As previously announced on 29 November 2024, Marc’s appointment as CEO follows the retirement of TSB’s former CEO, Robin Bulloch, after a 45-year career in retail banking, including five years at TSB.
Marc Armengol Biography
Marc was appointed TSB Chief Executive in March 2025.
Marc was previously Chief Operations Officer for Banco Sabadell, a role he held from March 2021 to December 2024.
Marc is well-known to TSB. He served as Corporate Strategy Director, and a member of the TSB Executive Committee, from 2018 to 2021, and has been a member of the TSB Board as a Non-Executive Director since 2022.
Marc has over 20 years’ experience in financial services leading multi-national transformation programmes. He joined Sabadell in 2002, where he spearheaded the transformation of the bank’s operating model, leading large-scale projects across the bank, and co-ordinating the integration of multiple acquisitions in Spain. He was also Chief Operating Officer for Sabadell (Americas) and led Corporate Strategy for an American financial entity.
