Morten Friis

Morten Friis joined the Board on 1 April 2024 and, following regulatory approval, became TSB’s Senior Independent Director on 13 June 2024.

Morten has strong risk management and Board governance expertise with over 10 years’ experience in Board roles, most recently at NatWest where he also chaired the group risk committee and as a Non-Executive Director at Jackson National Life Insurance Company.

Prior to this Morten spent over 34 years in financial services. He held various roles at Royal Bank of Canada and its subsidiaries, including Associate Director at Orion Royal Bank; Vice President, Business Banking; and Vice President, Financial Institutions. In 1997, he was appointed as Senior Vice-President, Group Risk Management and served as the Chief Credit Officer, then Chief Risk Officer, from 2004 to 2014. He was also previously a Director of Westbury Life Insurance Company; RBC Life Insurance Company; and RBC Dexia Investor Services Trust Company. Morten is currently also a Non-executive Director, Chair of the Risk Committee and member of the Audit committee at People’s Group (also comprising Peoples Bank and Peoples Trust Company).

Committee membership

• Risk Committee
• Audit Committee
• Remuneration Committee
• Nomination Committee