Challenger bank TSB has announced the appointment of two new non-executive directors as it broadens its small business focus.
The four-year-old bank had previously “been focused on breaking the stranglehold that the big five banks have had on the consumer banking market”, it said today. Richard Meddings and Stephen Page will join to help TSB boost its service offering to local businesses across the UK.
They arrive hot on the heels of Richard Davies, who was appointed as TSB's new commercial banking director earlier this year.
“Richard [Meddings] is an experienced board director with a deep understanding of UK retail banking both from a consumer and business perspective, and Stephen brings a wealth of technology and digital insight to our non-executive team,” said TSB chairman Will Samuel.
The firm is also pushing ahead with its digitalisation, launching a mobile app in April and recently announcing a partnership with Samsung to integrate iris recognition.
Medding is also a non-executive at Deutsche Bank, HM Treasury and GLT. He gained retail and business banking experience during his executive tenures at Barclays and Woolwich, and was group finance director of Standard Chartered between 2006 and 2014.
Page holds non-executive roles at business standards firm BSI Group, the National Crime Agency and the British Library, and focuses on doing business in the digital age. In his executive career, he was a business and technology strategist at Accenture.