Executive team

Peter Griffiths

Chief Executive Officer

Peter Griffiths was appointed CEO of Sainsbury’s Bank in November 2012. He joined the Bank at an exciting phase of its growth and evolution.

Peter is former Chairman of the CBI Council in Wales and the Building Societies Association. He was awarded an OBE in the Queen’s Birthday Honours in 2010, in recognition of his support for the Financial Services Industry.

Between March 2002 and his Sainsbury’s Bank appointment, Peter was Group Chief Executive of Principality, Wales’ largest building society. During a decade in charge of the mutual, he grew the business from the 13th largest building society in the UK to the 7th, increasing assets from £2.2 billion to £6.4 billion.

He previously worked for NatWest, between 1977 and 2000, predominantly in commercial lending and a variety of management roles, including Retail Banking Director – Wales.

His final job before leaving NatWest was Head of Commercial Services – NatWest Group IT. He moved on to become Chief Operating Officer at Morgan Chambers Plc, a management consultancy firm advising on strategic sourcing solutions for IT and business process outsourcing.

He is a Fellow of both UWIC and The Chartered Institute of Management. Born in Tenby, West Wales in 1958, the fifth of eight children, he is married with four children.

In January 2006 Peter climbed Kilimanjaro, the highest mountain in Africa, raising £65,000 for the NSPCC in Wales.


David Arden

Chief Financial Officer

David was appointed Chief Financial Officer for Sainsbury’s Bank in February 2013, having held the interim position since March 2012. David has a wealth of experience in senior retail and supermarket banking roles.

David joined Sainsbury’s Bank from Shop Direct Financial Services, where he was previously Chief Financial Officer. In his 23 year career, he has held a number of senior positions with RBS and Tesco Bank, including Managing Director and Head of Finance for RBS credit cards, (where he was responsible for six million credit card customers across the UK) and Risk and Finance Director for Tesco Bank.

His position as CFO for Tesco Bank, a joint venture between Tesco and Royal Bank of Scotland, gives him valuable insight into Sainsbury’s Bank’s strategy of offering exceptional value to Nectar card holders.

David is a qualified chartered accountant (ACMA) and holds a first class economics degree from the University of Leicester.

David lives in Edinburgh with his young family. David is an avid football fan.



Stuart Deane

Chief Trading Officer

Stuart joined Sainsbury’s Bank as Interim Commercial Director in October 2013.  He was appointed Chief Trading Officer in December 2014.

Stuart has over 25 years’ experience in Financial Services including senior leadership roles across General Insurance, Retail Financial Services and Life & Pensions markets. He has built a life and pensions subsidiary, led many strategic change programmes including a number of mergers and acquisitions, the introduction of a CRM system and cultural change programmes in respect of sales strategy/effectiveness and reward & recognition.

Previously he was Managing Director of Distribution for the Principality Building Society where he was responsible for all Principality’s distribution channels including branches, direct and intermediary channels together with the Society’s property companies.


Steven Davis

Colleague & Communications Director

Steven Davis joined Sainsbury’s Bank in March 2014, as Colleague & Communications Director. Steven has 12 years’ experience of working for Sainsbury’s.

In his last role as Head of HR for the Convenience Division, Sainsbury’s, Steven was responsible for leading significant organisational change, simplification and efficiency improvements to drive commercial and financial improvement across the estate. He has held a number of senior HR and Operational appointments across Sainsbury’s including Head of Training & Head of Resourcing. Steven has worked across a broad spectrum of channels including food, textiles, home, luxury goods and logistics both in the UK and abroad. Steven’s wealth of experience in retail has included business roles for top UK and International brands including Starbucks and Marks and Spencer.

Steven hails from Scotland and is delighted to be back home – he enjoys spending time socialising with friends, microlighting and eating out.