- The current CEO of the British subsidiary, Robin Bulloch, is retiring after a 45-year career and five years at the bank, during which he has helped to strengthen the franchise and accelerate its transformation
- Armengol has been a member of the Board of Directors of the British subsidiary since 2022, and previously held the position of Director of Corporate Strategy at TSB between 2018 and 2021
- The CEO of Banco Sabadell, César González-Bueno, has reiterated that “TSB is part of the present and future of the Group, and with Marc’s leadership we will continue to advance the franchise’s transformation and its contribution to our results”
- Elena Carrera, until now Director of Sustainability and Efficiency at Banco Sabadell, takes over as Director of Operations and Technology at the bank
- González-Bueno has highlighted that Carrera ‘has successfully managed numerous functions of great relevance in the bank and is the ideal person to lead the responsibility’
29 November 2024
Marc Armengol has been appointed as the new CEO of TSB, the British subsidiary of Banco Sabadell. The current CEO and head of Operations and Technology at Banco Sabadell will replace Robin Bulloch, who is retiring after a 45-year career. Bulloch joined TSB in 2019 and was appointed CEO in 2021.
Elena Carrera, until now director of Sustainability and Efficiency at Banco Sabadell, to take over from Marc Armengol as head of Operations and Technology at the bank.
With this move in TSB, Banco Sabadell reiterates its commitment to positioning the British subsidiary as a key player in improving the Group’s profitability and efficiency, as well as its long-term contribution.
TSB Chairman Nick Prettejohn said: “The decision of the TSB Board of Directors to appoint Marc Armengol is a testament to Marc’s proven leadership and knowledge of the bank. I have always admired his ambition and commitment to the future of TSB and its customers.”
Banco Sabadell CEO César González-Bueno conveyed the “unanimous gratitude of the entire organisation for the excellent work carried out by Robin Bulloch.”
Sabadell’s CEO also stressed that “Marc Armengol’s strategic vision, his experience as an executive and director of TSB, and his knowledge of the British market, will help us build an even stronger, more solid franchise, more focused on growth and better customer service.”
Furthermore, González-Bueno said that “TSB is part of the Group’s present and future, and with Marc’s leadership we will continue to advance the franchise’s transformation and its contribution to our results.”
Armengol, a long career
Marc Armengol joined Banco Sabadell in 2002 and has extensive experience in various roles of responsibility in the areas of technology, operations and organisation, always linked to transformation projects. He has a degree in Business Administration and Management from the Pompeu Fabra University in Barcelona, and has a specialisation in Information Technology from the Universiteit van Amsterdam.
In his first stage at Banco Sabadell Spain, he managed various areas of Operations, Technology and the Organisation function, and was a key element in the integrations that the Company carried out after multiple bank acquisitions. Later, he moved to the USA, where, in the role of COO America & International Network, he led the acquisition of entities in the American market, as well as the launch of Banco Sabadell’s banking subsidiary in Mexico.
He has been a member of the Board of Directors of Banco Sabadell’s British subsidiary since 2022. In addition, he previously worked as Director of Corporate Strategy at TSB between 2018 and 2021. In 2021, he was appointed by César González-Bueno as Director of Operations and Technology at Banco Sabadell, and a member of the Management Committee. During his time at TSB, he made a decisive contribution to the transformation and growth of the subsidiary’s digital business, as well as to aligning its strategic plan with the Group’s objectives.
Following his appointment, Armengol said he was “very proud to take on this new responsibility”, and further commented: “With my return to TSB, I look forward to contributing my effort and enthusiasm to the leadership of the Company, alongside the excellent work of my colleagues in the United Kingdom, with the clear objective of making TSB’s contribution [to the Group] even more robust.”
TSB’s contribution to the Banco Sabadell Group’s accounts was 168 million euros in the first nine months of 2024, and 4.3% more year-on-year.
Elena Carrera takes over Operations and Technology
The appointment of Marc Armengol as the new CEO of TSB, pending the corresponding regulatory authorisations, is expected to take effect at the beginning of 2025, and implies his departure from the Board of Directors of Banco Sabadell.
The current general director of Sustainability and Efficiency, Elena Carrera, will take over the Operations and Technology department that Armengol was previously in charge of.
In this regard, González-Bueno has highlighted that Carrera “has extensive experience in the bank; her professional profile and her success at the head of numerous positions of responsibility and great relevance, make her the ideal person to lead the Operations and Technology department of Banco Sabadell”.
Carrera joined Banco Sabadell in 2015 as a director at Sabadell Consulting and two years later she was appointed director of Global Organisation and Corporate Projects, leading the bank’s transformation processes. In June 2022, she took over the position of Director of Efficiency and Corporate Projects. In June of this year, she joined the Management Committee as Director of Sustainability.
Carrera has a degree in Business Administration and Management from ESADE and a Master’s degree in Business Administration and Management (MBA) from the Columbia Business School in New York (USA).
Carrera’s two directorships are shared between two of the current members of the Committee. Sonia Quibus, General Director of People, will join the Sustainability area, and Marc Prat, General Director of Strategy, will join the Efficiency department.
