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The Trustee Savings Bank (TSB) was a British financial institution that operated between 1810 and 1995 when it was merged with Lloyds Bank. Trustee savings banks originated to accept savings deposits from those with moderate means. Their shares were not traded on the stock market but, unlike mutually held building societies, depositors had no voting rights; nor did they have the power to direct the financial and managerial goals of the organisation. Directors were appointed as trustees on a voluntary basis. The first trustee savings bank was established by Rev. Henry Duncan of Ruthwell in Dumfriesshire for his poorest parishioners in 1810, with its sole purpose being to serve the local people in the community. Between 1970 and 1985, the various trustee savings banks in the United Kingdom were amalgamated into a single institution named TSB Group plc, which was floated on the London Stock Exchange. In 1995, the TSB merged with Lloyds Bank to form Lloyds TSB, at that point the largest bank in the UK by market share and the second-largest by market capitalisation.
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TSB Bank plc is a British retail and commercial bank based in Edinburgh, Scotland. It has been a subsidiary of Sabadell Group since 2015.
Paul David Pester is a British businessman and executive. He is currently the Chairman of Tandem Bank. Pester is also a non-executive Director and co-founder of FinTech accelerator, Archie. He was chief executive officer (CEO) of TSB Bank from 2013 to 2018.
Dominic James Burke is a British businessman, and the chief executive officer (CEO) of Jardine Lloyd Thompson, the British multinational insurance broker since December 2005, and the world's fifth largest.
Bruce Neil Carnegie-Brown has been Chairman of the insurance market Lloyd’s of London since June 2017, and is vice chairman of Banco Santander. He is also chairman of the Marylebone Cricket Club, Cuvva Ltd, and is chair of the Leadership Council of TheCityUK. He was appointed a deputy lieutenant of Greater London in 2015.
References
- ↑ "MOVES-Hastings Insurance Group names Mike Fairey non-exec chairman". Uk.reuters.com. 7 May 2015. Archived from the original on 21 December 2016. Retrieved 21 December 2016.
- ↑ "Our Board". Hastingsplc.com. Retrieved 21 December 2016.
- ↑ Dominic Walsh (8 August 2011). "Business big shot: Mike Fairey". The Times . Retrieved 21 December 2016.
- ↑ Michael Edward Fairey. "Michael Edward Fairey: Executive Profile & Biography". Bloomberg . Retrieved 21 December 2016.
- ↑ "OneSavings Bank chairman Mike Fairey to resign at 2017 AGM". Uk.reuters.com. 1 November 2016. Archived from the original on 21 December 2016. Retrieved 21 December 2016.
- ↑ "Chairman Mike Fairey and non-executive director Dr David Morgan to leave challenger bank OneSavings | City A.M". City A.M. 1 November 2016. Retrieved 21 December 2016.
- ↑ Walsh, Dominic. "Oliver twists with move into pizza deliveries" . Retrieved 9 May 2017.
