Tesco Bank recruits new CFO from RBS

TESCO BANK has appointed Declan Hourican, the finance chief of Royal Bank of Scotland’s restructuring division, as its new chief financial officer.

Hourican will take up the role on 3 October 2016, when he joins the Tesco Bank executive committee and board. Peter Bole will continue as CFO until Hourican joins.

Hourican joins Tesco Bank after 14 years at RBS, latterly as chief finance and administrative officer in the group’s restructuring division. Prior roles at RBS included CFO, non-core division, and chief financial officer, global restructuring group.

Benny Higgins, Tesco Bank chief executive, said: “I’m delighted that someone of Declan’s calibre has been appointed to this critically important position. Declan has a proven track record of helping provide outstanding service for customers, and he will play an important role in helping Tesco Bank deliver its ambition to be the bank for people who shop at Tesco.”

This role is subject to regulatory approval.