TSB has appointed a new general counsel from GE, following the decision of current legal boss Susan Crichton to retire at the end of January 2018.
Former GE Capital Bank general counsel and company secretary Lorna Curry will take on the role, reporting to chief financial officer Ralph Coates.
Curry was in her former role for six years, and has experience working at Barclays Capital and legacy Denton Wilde Sapte.
As part of her new role, she will attend the bank’s executive committee and will be responsible for providing legal advice to the board and to the CEO on the strategy of the business.
She will manage the legal function, which is split into commercial, corporate, products and company secretariat.
TSB chief financial officer Ralph Coates said: “I am delighted to welcome Lorna at a significant time for TSB, as we continue to prepare for the migration to our new, state-of-the-art IT platform and we look to expand into the small business banking market.”
Crichton has been at TSB for four years, contributing to key milestones in TSB’s journey, such as the IPO in 2014, sale to Sabadell in 2015 and the current migration to its new IT banking platform.
She was interviewed by The Lawyer earlier this year, where she talked about the gender pay gap and building a team within the challenger bank.
Prior to TSB, she was the general counsel of The Post Office for three years, and was legal governance and risk director of Skandia for two years prior to that. From 1999 to 2008, she worked within her successor’s conglomerate company, as general counsel of GE Money.