What Does Tesco Bank Do?

Total employees2807
HeadquartersEdinburgh
Founded

Tesco Bank is a British retail bank that was founded in 1997 as a joint venture between The Royal Bank of Scotland (RBS) and Tesco plc. In 2008, Tesco bought out RBS's share, making the bank a wholly-owned subsidiary of Tesco plc. Tesco Bank aims to provide accessible and convenient financial products and services to Tesco customers, including current accounts, savings accounts, credit cards, loans, mortgages, and insurance. It leverages the strong Tesco brand and customer base to offer competitive and straightforward banking solutions, often with rewards linked to Tesco shopping.

Where Is Tesco Bank's Headquarters?

Tesco Bank officeTesco Bank officeTesco Bank officeTesco Bank office
*Images sourced via web search. Rights belong to original owners

HQ Function

The Edinburgh headquarters serves as the central administrative and strategic hub for Tesco Bank, overseeing all operations, product development, risk management, and corporate governance.

Notable Features:

Modern office facilities designed to support a collaborative and agile working environment. Likely features advanced security systems typical for a financial institution.

Work Culture:

Tesco Bank fosters a customer-centric work culture, emphasizing teamwork, innovation, and efficiency. Employees are encouraged to embody Tesco's values of helping customers and treating people how they want to be treated.

HQ Significance:

The Edinburgh HQ is significant as it anchors Tesco Bank's operations in a major UK financial services centre, allowing access to a skilled talent pool and a robust financial ecosystem.

Values Reflected in HQ: The headquarters likely reflects Tesco Bank's values of accessibility, helpfulness, and trustworthiness through its design and operational efficiency, aiming to create a positive environment for employees who serve customers.

Location:

Tesco Bank primarily operates within the United Kingdom (England, Scotland, Wales, and Northern Ireland). Its services are tailored to UK residents and Tesco shoppers. While its parent company, Tesco plc, has international operations, Tesco Bank's financial services are currently focused on the UK market. Global support functions might involve partnerships with international technology or service providers, but customer-facing operations are UK-based.

Street Address:

EHQ, 2 South Gyle Crescent

City:

Edinburgh

State/Province:

Scotland

Country:

United Kingdom

Where Else Does Tesco Bank Operate Around the World?

Glasgow, Scotland, UK

Address: Broadway One, 199 Renfield Street, Glasgow, G2 3AX

Serves as a key hub for customer interaction and operational support, complementing the strategic functions of the Edinburgh HQ. Strengthens Tesco Bank's presence in Scotland.

Newcastle upon Tyne, England, UK

Address: Quorum Business Park, Benton Lane, Newcastle upon Tyne, NE12 8BU

Provides additional operational capacity and access to a different talent pool in the North of England, enhancing business resilience and customer service capabilities.

Buying Intent Signals for Tesco Bank

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Tesco Bank? Meet the Executive Team

As of April 2025, Tesco Bank' leadership includes:

Gerry Mallon - Chief Executive Officer
Jacqui Ferguson - Chair
Declan Hourican - Chief Financial Officer
Chris Birkett - Chief Risk Officer
Anna-Marie Gillon - Chief People Officer
Debbie Walker - Chief Operating Officer
Mark Loch - General Counsel and Company Secretary

Who's Investing in Tesco Bank?

Tesco Bank has been backed by several prominent investors over the years, including:

Tesco plc (Parent Company)

What Leadership Changes Has Tesco Bank Seen Recently?

Hire1
Exits1

Tesco Bank has seen some key leadership transitions and appointments aimed at strengthening its strategic direction and operational capabilities. Notable changes include movements in senior operational and financial roles.

Departures

David Bowerman, David Bowerman stepped down as Chief Financial Officer.

New Appointments:

Debbie Walker, Debbie Walker appointed as new Chief Operating Officer.
Declan Hourican, Declan Hourican appointed as new Chief Financial Officer.

What Technology (Tech Stack) Is Used byTesco Bank?

Discover the tools Tesco Bank uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Tesco Bank Email Formats and Examples

Tesco Bank typically uses a standard corporate email format, most commonly firstname.lastname@tescobank.com. Variations might exist for specific departments or roles, but this is the most prevalent structure.

firstname.lastname@tescobank.com

Format

john.smith@tescobank.com

Example

85%

Success rate

What's the Latest News About Tesco Bank?

Finextra2024-05-21

Tesco Bank taps Stripe for payments

Tesco Bank is partnering with Stripe to modernise its payments infrastructure. Stripe will act as a strategic payments partner for Tesco Bank, processing payments for its credit cards, loans, and savings accounts....more

Reuters2024-02-09

Barclays to buy most of Tesco's banking arm for $757 million

Barclays (BARC.L) will buy the existing mortgage, credit card, deposit and loan accounts of Tesco Bank for about 600 million pounds ($757 million). The deal is expected to complete in the second half of 2024....more

Tesco PLC2023-10-04

Tesco Bank Appoints Debbie Walker as Chief Operating Officer

Tesco Bank today announces the appointment of Debbie Walker as Chief Operating Officer. Debbie will join the bank on 23 October and become a member of the Tesco Bank Executive Committee....more

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