TSB board appoints Kate Armstrong as director
Kate Armstrong is a qualified lawyer with almost 30 years’ experience in financial services and five years’ experience in governance.
Kate Armstrong.
TSB has announced that Kate Armstrong will join the board as a director. She will start in February 2024.
TSB board chair Mark Darrow said he was delighted to have someone with Armstrong’s experience joining the board. “Kate’s strong banking, legal, and governance expertise means she’s well placed to join the board as it delivers TSB’s strategy to continue its transformation into a more modern business in a complex regulatory environment.”
Armstrong is a qualified lawyer with almost 30 years’ experience in financial services and five years’ experience in governance. She has spent significant time working within in-house legal teams at banks, both within New Zealand and overseas. Armstrong has held roles at Mizuho Corporate Bank, Barclays Capital, and ANZ NZ, and most recently at Westpac NZ.
At Westpac, Armstrong led the insurance and investment businesses and was the divisional COO with responsibility for the day-to-day operations of the consumer banking and wealth division. In 2019 Armstrong also led Westpac Life’s Financial Services Conduct Review Programme.
Armstrong brings strong legal and risk management skills to TSB, with a deep understanding of compliance and risk frameworks. She is also an experienced audit and risk subcommittee chair. She currently sits on the boards of Vero and Asteron Insurance and the NZ Housing Foundation.
Kevin McDonald retires from the TSB board and as chair of the Risk Committee at the end of February 2024. TSB chair Mark Darrow acknowledged Kevin’s huge contribution to TSB and wishes him well for the future.
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