Tesco Bank makes senior executive appointment

The bank said Mr Begbie, who joins from Standard Life Aberdeen, will be a member of the Tesco Bank Executive Committee, reporting to chief executive Gerry Mallon.

Taking up his new role next week, Mr Begbie will be responsible for driving forward change at Tesco Bank, “helping the business meet its priorities for customers at pace”, the challenger said.

Most recently he was director of global people, organisation and culture integration at Standard Life Aberdeen, as well as being their lead executive for China and Hong Kong.

Prior to SLA, Mr Begbie has held roles at Standard Life, Aegon UK, Scottish Power and the Royal Bank of Scotland.

He was appointed a CBE in the Queen’s Honours List in 2018 for services to business and social inclusion.

Gerry Mallon, chief executive, said: “I am delighted Sandy is joining Tesco Bank. We are pleased to welcome somebody of his calibre and wealth of experience. The role he will lead is vital to ensuring that we drive substantial positive change for our customers. I very much look forward to working with him.”

Mr Begbie, added: “I am absolutely delighted to be joining Tesco Bank at this exciting time in its development. There is a great opportunity for the Bank to make a real difference for Tesco customers and the transformation programme will allow us to realise that opportunity. I am looking forward to working with Gerry, his Executive team and Tesco Bank colleagues to deliver on this programme.”