Rob joins the company on 2nd May from HSBC Bank Plc where he worked for 31 years, most recently as general manager and head of credit & risk. He will report to Darren Shapland, chief financial officer, who has taken on operating board responsibility for Sainsbury’s Bank.

Darren Shapland said: “We are delighted to have secured somebody of Rob’s calibre. His strong knowledge of the UK market, extensive banking experience and track record will be great assets as the Bank continues to grow and we believe he has the proven skills needed to take the Bank to the next level.”

Rob Walker said: ”This role presents me with an exciting new opportunity. I will be joining Sainsbury’s at a challenging time for the retail banking industry and Sainsbury’s Bank in particular has had a difficult 12 months. I am convinced that the actions already taken are the right ones and look forward to improving the performance of the Bank going forward.”

Notes:

1. Rob’s career at HSBC began in 1975, where he progressed to global head of institutional banking in 2000. In 2003 he was appointed general manager and head of credit & risk for HSBC Bank plc, responsible for all credit risk booked on the HSBC Bank plc balance sheet.