Marc Armengol will succeed Robin Bulloch as Chief Executive Officer of Britain's TSB bank at the beginning of 2025, its Spanish owner Banco Sabadell SABE.MC said on Friday.

Banco Sabadell SA has appointed its chief operating officer to run its UK unit TSB, whose future with the lender is unclear if Sabadell gets taken over.

TSB said on Friday that it has appointed Marc Armengol as its new chief executive officer. Armengol will succeed Robin Bulloch, who will retire after a 45-year career in retail banking, including five years at TSB, which is owned by Banco Sabadell.

TSB has announced the appointment of Marc Armengol as its CEO, with the decision subject to regulatory approval.