Bank |

Leadership and Governance

Sir John Kingman Chairman

Sir John is the Chairman of Tesco Bank.

Sir John has considerable financial services experience gained as Second Permanent Secretary at HM Treasury and Chairman of Legal & General. Sir John was at the heart of the UK Government's response to the financial crisis, handling the rescue of Northern Rock and leading negotiations with RBS, Lloyds and HBOS on their combined £37bn recapitalisation. He was also the first CEO of UK Financial Investments, the government body charged with managing the taxpayer's banking interests.

From 2010-2012, Sir John was Global Co-Head of the Financial Institutions Group at Rothschild and became Chairman of Legal & General in 2016. In 2018, he was appointed to lead an independent review of the Financial Reporting Council, recommending its replacement by a new and strengthened Audit, Reporting and Governance Authority. In addition to his roles at Tesco Bank and Legal & General, he is Deputy Chair (currently Acting Chair) of the National Gallery.

Sir John joined the Tesco Bank Board in November 2019.

Jim Willens Senior Independent Non-Executive Director

Jim is the Bank's Senior Independent Non-Executive Director. Jim's retail financial services career spans in excess of 40 years, the majority of which was spent at Nationwide Building Society. Posts held included main Board appointments as Retail Operations Director and Group services Director at Nationwide as well as the CEO role at both Dunfermline and Newcastle Building Societies.

Over the years Jim has gained experience from a wide range of appointments which have included strategic responsibility for Branches, Telephony, Internet Services, Information Technology, Product Development, Central Support Services and Life Company and Unit Trust Management at times leading teams in excess of 9,000 people. Throughout his career Jim has held a passion for developing the people he works with to provide excellent customer service.

Jim has previously held a number of other non-executive directorships. Jim joined the Tesco Bank Board in May 2017.

Julie Currie Independent Non-Executive Director

Julie is an independent Non-Executive Director. A Chartered Accountant, qualifying with Ernst & Young, she has over 25 years experience in the financial services sector, the majority of which was spent at Lloyds Banking Group.

Executive experience includes Chief Operating Officer for the Turnaround Division of Lloyds Banking Group, providing support to c.1,200 specialists seeking to reduce underperforming loans arising from the credit crunch; Director of Integration to lead the merger of Lloyds TSB and HBOS’s Private Equity related businesses; and Director of Acquisition Finance where she spent nine years in Bank of Scotland’s European Leveraged Finance business. Julie completed her Executive career in 2017 as the Chief Financial and Operating Officer for the Lloyds Bank Foundation for England and Wales, the largest corporate foundation in the UK.

She is an experienced NED and currently sits on the Board of Scotiabank Europe, where she has chaired the Audit Committee since 2018. Prior NED roles include the Department for International Trade, where she established and chaired the Audit and Risk Committee for 4 years in the lead up to the UK leaving the EU, Social and Sustainable Capital, Fortem Solutions and Social Investment Business.

Julie joined the Tesco Bank Board in February 2021 and is Chair of the Board Audit Committee.

Robert Endersby Independent Non-Executive Director

Robert is an Independent Non-Executive Director. Robert has spent over 35 years working in the financial services sector. Until late 2014, he was Chief Risk Officer and member of the Executive Board of Danske Bank, Denmark's largest financial enterprise, where he was also a member of the board of directors of the group's main UK and Finnish subsidiaries.

Between 2016 and 2019, Robert was an independent non-executive director and chair of the board risk committees of Credit Suisse International and Credit Suisse Securities (Europe) Limited.

Previously, Robert has held senior risk management positions in Barclays, The Royal Bank of Scotland and ING Group and has a broad international experience of the sector including assignments based in Denmark, The Netherlands and France.

Robert joined the Tesco Bank Board in December 2014 and currently Chairs the Board Risk Committee.

Jacqui Ferguson Independent Non-Executive Director

Jacqui is an Independent Non-Executive Director.

An experienced CEO from the technology industry with over 30 years’ experience, Jacqui is the former CEO of Hewlett Packard Enterprise Services UK & MEA, a $3bn P&L and 10,000 people business serving large corporate and mid-sized companies with transformational digital, technology and business process solutions. She has lived and worked internationally including in Silicon Valley, Europe and Asia.

Jacqui is Chair of the Remuneration Committee and Non-Executive Director at Wood PLC a FTSE listed international engineering services company, Non-Executive Director at FTSE 100 Croda PLC a sustainability leader and specialty chemicals company and Deputy Chair at Engineering UK a charity focused on inspiring young people from all kinds of background into engineering careers.  In 2018 she won the Sunday Times ‘NED to watch’ award in honour of Dame Helen Alexander and is a Fellow of the Institute of Engineering and Technology.

Jacqui joined the Tesco Bank Board in April 2018.

Simon Machell Independent Non-Executive Director

Simon is an Independent Non-Executive Director. He has worked in financial services for over 30 years and has deep experience in both general and life insurance in the UK, Europe and Asia. He spent 19 years with Aviva and his roles there included Chief Executive of the RAC, having served as Chief Executive of the general insurance business in the UK and latterly running the insurance businesses in 14 markets across Eastern Europe and Asia.  He was a member of Aviva's executive committee for six years and sat on numerous boards throughout the group.

Simon was Chairman of the Motor Insurers Bureau from 2001 to 2007.  He holds an Economics degree from Durham University and is Fellow of the Institute of Chartered Accountants in England and Wales.  Simon is also a visiting professor in insurance at the Southwest University of Finance and Economics in Chengdu, China.

He chairs the Board of Tesco Underwriting Limited, is a Director of Suncorp Group in Australia and is a Non-Executive Director of Prudential Assurance Company Singapore and Pacific Life Reinsurance.

Simon joined the Tesco Bank Board in November 2013.

Amanda Rendle Independent Non-Executive Director

Amanda is an Independent Non-Executive Director. Amanda has over 30 years of marketing experience in both Agencies and Clients across numerous sectors including: financial services, professional service and FMCG sectors. She is the former Global Head of Marketing for Commercial Banking and Global Banking and Markets at HSBC where she was a member of the Executive team that ran the international commercial bank in over 55 markets from 2011 to 2015.   Amanda began her career at Barclays Bank before moving to Limbo (Bartle Bogle Hegarty). She also set up a consultancy recognising the opportunity to focus on customer experience. She joined HSBC in the UK in 2000, moving to a European role in 2006 and global role in 2011.

Amanda is a Non-Executive Director of The British Business Bank, Countrywide plc, and the Government Communications Service Ministerial Board (UK and International). She is also a Fellow of The Marketing Society and a member of WACL (Women in Advertising & Communications London).

Amanda joined the Tesco Bank Board in December 2016 and is Chair of the Board Remuneration Committee.

Adrian Morris Non-Executive Director

Adrian is a Non-Executive Director. Adrian joined Tesco PLC in September 2012 as Group General Counsel. He is responsible for the legal, company secretarial, government relations, regulatory and compliance functions across Tesco PLC.

Prior to this, Adrian worked at BP PLC as associate general counsel for refining and marketing and prior to that at Centrica PLC, initially as European group general counsel and then as general counsel for British Gas.  He is also a non-executive director of Moorfields Eye Hospital NHS Foundation Trust.

Adrian joined the Tesco Bank Board in April 2021.

Gerry Mallon Chief Executive

Gerry has been Chief Executive of Tesco Bank since August 2018 and is a member of the Tesco PLC Executive Committee.

Prior to joining Tesco, Gerry has held a number of leadership roles in financial services. Most recently he served as Chief Executive Officer of Ulster Bank Ireland.

Before joining Ulster Bank, Gerry served as Chief Executive Officer of Danske Bank UK (formerly Northern Bank) for eight years, successfully leading the organisation in the aftermath of the financial crisis. Earlier in his career, Gerry also held roles at Bank of Ireland, McKinsey & Co., and the UK Civil Service.

Outside of financial services, Gerry served as Pro-Chancellor and Chair of Council at the University of Ulster and President of the Institute of Banking in Ireland, and recently completed a six year term as Chairman of the Irish Football Association.

Gerry holds an Economics degree from Cambridge University and received his MBA from Ulster Business School.

Richard Henderson Chief Financial Officer

Richard is the Chief Financial Officer.  Richard joined Tesco Bank in June 2009 and has performed the roles of Audit Director, Finance Director (Banking), Financial & Credit Risk Director and Chief Risk Officer.    

Before joining Tesco Bank, Richard held a range of internal audit roles with RBS and Barclays. He started his career with PricewaterhouseCoopers in external audit. 

Richard is a graduate of The University of Nottingham, has an MBA from The University of Edinburgh, is a Fellow of The Institute of Chartered Accountants in England and Wales (FCA), and is an Associate Member of the Association of Corporate Treasurers (AMCT).

Michael Mustard Company Secretary

Michael Mustard was appointed Company Secretary to the Board in May 2014.

He joined Tesco bank as Legal Director in April 2014 from Citi where he was a senior lawyer in the EMEA Consumer business. Michael was previously a lawyer at Allen & Overy LLP, worked in private equity and is a qualified as a chartered accountant with PricewaterhouseCoopers.