Paul Pester

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"Having spent six years working for Sir Richard Branson as the Group CEO at Virgin Money and five years working for António Horta-Osório, first at Santander UK and then at Lloyds Banking Group, Paul brings a unique mix of skills to his role as CEO of the new TSB.

"After receiving his degree from Manchester University and a doctorate from Oxford University, Paul spent 10 years in management consultancy – the majority of which was at McKinsey & Company. Paul took-up his first senior executive role as the Group CEO at Virgin Money in 2000. Having established the business in the UK, Australia and South Africa, Paul moved to Lloyds TSB as the Managing Director of Consumer Banking in 2005.

"Paul joined Santander UK in 2008 where he led the acquisition of Bradford & Bingley and the subsequent integration of Abbey, Alliance & Leicester and Bradford & Bingley to create a single UK business.

"In 2010, Paul joined Lloyds Banking Group where he took up the role of Managing Director of Consumer Banking and Payments. In 2011, Paul was appointed CEO of the Verde programme through which he led the development and establishment of the new TSB within Lloyds Banking Group. In 2013, Paul was appointed as CEO of TSB Bank plc and led the launch of the new bank, and its separation from Lloyds Banking Group and listing on the London Stock Exchange.

"Paul has two teenage sons and likes to keep fit and raise money for good causes by participating in triathlons, marathons and other endurance events."[1]


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  1. TSB Banking Group plc Paul Pester, organizational web page, accessed December 14, 2014.