Sabadell confirms Robin Bulloch as CEO of TSB

TSB CEO Robin Bulloch

The board of TSB Bank, with the support of Spanish parent company Banco Sabadell, has announce the permanent appointment of Glasgow-based Robin Bulloch as CEO.

Bulloch has led TSB on an interim basis for the past four months, and prior to that was chief customer officer.

Former TSB CEO Debbie Crosbie left the firm recently to become CEO of Nationwide Building Society.

“Robin has a strong track record in retail banking spanning over four decades, working in leadership roles for Royal Bank of Scotland, Tesco Bank and Lloyds Banking Group, before joining TSB in 2019,” said TSB.

“During his time as interim CEO, Robin has overseen a strong set of full year results, ongoing momentum in commercial performance, a steady flow of innovation to support customers and development of an updated growth strategy.”

TSB chair Nick Prettejohn, said: “This was a unanimous choice of both the TSB and Sabadell Boards.

“Robin is an outstanding leader with deep determination to give TSB customers the best possible experience.

“I have seen first-hand the impact he is having engaging and motivating our teams to deliver our Money Confidence purpose.”

Sabadell chair Josep Oliu said: “TSB is a key part of the Sabadell Group.

“Under Robin’s excellent leadership, and working closely with César González-Bueno, TSB is making a strong contribution to the overall success of the group.

“I am delighted with this appointment.”

Bulloch said: “It’s a huge honour to be appointed TSB CEO and to have the opportunity to continue to work with the brilliant teams here to deliver our ambitious growth plans and our Money Confidence purpose for our customers.”

In January, TSB Bank plc said it made a statutory profit before tax for 2021 of £157.5 million compared to a pre-tax statutory loss of £204.6 million in 2020.

Total customer lending in 2021 increased by £4.1 billion to £37.4 billion — with the growth driven by a record £9.2 billion of gross mortgage lending.

Customer deposits increased by £1.6 billion to £36 billion, reflecting a slower rate of growth compared to 2020 as consumer spending increased.