Tesco Bank adds John Kingman to its board of directors

John Kingman was closely involved in the British government’s response to the 2008 financial crisis as Second Permanent Secretary to the treasury.

On Monday, Tesco’s financial arm stated, it has appointed John Kingman, the businessman who oversaw Britain’s bailout of its banks in the financial crisis, to its board as a non-executive director.

In a statement Tesco Bank said, Kingman was closely involved in the British government’s response to the 2008 financial crisis as Second Permanent Secretary to the treasury, and his appointment is effective from November 2019.

Incidentally, Kingman, who is also the chairman of Legal & General Group Plc, is reportedly a possible contender for the next governor of the Bank of England; he has stated, he does not want that role.

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