Edinburgh-based Tesco Bank has announced the appointment of Richard Henderson as its chief financial officer (CFO).

The appointment is effective from June 30, 2021, and is subject to regulatory approval.

Henderson, a chartered accountant, joined Tesco Bank as audit director in June 2009 before holding the roles of Finance Director (Banking) and Financial & Credit Risk Director.

He was then appointed as Tesco Bank’s Chief Risk Officer (CRO) in January 2017, when he also joined the Bank’s Board and Executive Committee.

Prior to Tesco Bank, Richard held various roles at RBS, Barclays and PriceWaterhouseCoopers.

Richard will replace Tesco Bank’s current CFO, Declan Hourican, who will leave the company on 29 June 2021.

Tesco Bank Chief Executive Gerry Mallon said: “Richard is a highly valued member of our Executive Team, and I know he will bring enthusiasm and effective leadership to his new role. 

“I look forward to working with him to help Tesco shoppers manage their money a little better every day.”