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flag Nicola Bannister named TSB’s new CEO as Santander’s UK acquisition nears completion in early 2026.

flag Santander has appointed Nicola Bannister as TSB’s new CEO, succeeding Marc Armengol as the UK bank’s acquisition by Santander nears completion. flag Bannister, who has led TSB’s transition since the £2.9 billion deal was announced in July 2024, oversees economic crime and enterprise services. flag The acquisition, pending regulatory approval, is expected to finalize in early 2026. flag Armengol will join Spain’s Sabadell Group as CEO. flag Santander UK’s Mahesh Aditya praised Bannister’s retail banking expertise and customer-focused leadership.

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