TSB names Post Office GC as new legal head

TSB Bank has named Susan Crichton, previously the Post Office general counsel, as its first general counsel.

Crichton joins the bank on 6 January 2014 and will head up the bank’s preparations for an IPO.

The appointment follows the recent split of Lloyds TSB Bank. In September Lloyds Banking Group named corporate and M&A head Hugh Pugsley as its general counsel for group legal (16 September 2013).

Crichton has spent the majority of her career in-house, working for companies including Skandia/Old Mutual and GE Money (10 June 2002).She joined the Post Office in 2010, and played a key role in the company’s split from Royal Mail in 2012.

TSB chief executive Paul Pester said Crichton’s experience in financial services would be invaluable for the bank.

Crichton will report to Pester.