Richard currently holds non-executive positions at Deutsche Bank, HM Treasury and JLT and has a wealth of retail and business banking experience having previously held executive positions at Barclays and Woolwich.

Richard was also group finance director at Standard Chartered between 2006 and 2014.

Stephen also holds a number of non-executive roles with a focus on doing business in the digital age.

He is a board member at the British Standards Institution Group, the National Crime Agency and the British Library.

In his executive career, Stephen was a business and technology strategist at Accenture, where he held roles as its global head of IT strategy and transformation, and commercial director of technology consulting.

“I am delighted to welcome Richard and Stephen to TSB,” said Will Samuel, chairman at TSB.

“Richard is an experienced board director with a deep understanding of UK retail banking both from a consumer and business perspective, and Stephen brings a wealth of technology and digital insight to our non-executive team.

“Their expertise will be invaluable as we continue to deliver on TSB's growth strategy in 2018 and beyond.”

Richard said: “I'm really looking forward to joining the UK's challenger bank.

“TSB has seen four years of extraordinary growth since it launched.

“There are many more opportunities to come as TSB continues on its mission to bring more competition to UK banking – in particular business banking – and it's fantastic to be a part of that.”

Stephen added: “I'm delighted to be joining TSB at such an exciting time for the bank.

“The way people do their banking is changing fast and TSB has some great opportunities to develop its digital services.

“I'm looking forward to supporting TSB on this journey.”