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.
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.
Chief Risk Officer
Mark Mullington was appointed Chief Risk Officer of Sainsbury’s Bank in August 2013. This was shortly after the announcement that J Sainsbury plc would purchase Lloyds Banking Group’s 50 per cent share of Sainsbury’s Bank.
Mark’s extensive experience will help the Bank move forward in its delivery of robust risk management and sustainable growth, as part of Sainsbury’s strategy to grow sales and profits through complementary channels and services.
Mark joined Sainsbury’s Bank from ING Direct UK where he was Chief Risk Officer. He helped them stabilise their business model and worked closely with the regulatory bodies. Previously, he held Chief Financial Officer and Executive Director of Risk Management roles within ING Direct Australia. Over the last 12 years he has focused on the development and implementation of robust risk management models within ING UK and Australia.
Mark has an MBA from the Australian Graduate School of Management and a Master of Marketing from Tilburg University, the Netherlands.
Mark lives in Edinburgh and enjoys golf, ski-ing, running, keeping fit, reading and gardening.
Chief Operating Officer
Steve Burke joined Sainsbury’s Bank in March 2013. As Chief Operating Officer, he is responsible for all aspects of operations, including IT and distribution.
Before joining Sainsbury’s Bank, Steve was Executive Director and Chief Operating Officer of Diligenta, a subsidiary of Tata Consultancy Services, where he developed and oversaw the operational strategy, including IT transformation and outsourcing programmes. He has a proven track record of delivering significant cost efficiencies, while improving customer service levels, putting him in an excellent position to help deliver the next stage in Sainsbury’s Bank’s growth.
Previously, Steve worked for Friends Life and Axa Life and has enjoyed over twenty years in operations roles where he led IT and change as well as customer service functions.
Steve is an Associate of the Chartered Insurance Institute.
Steve lives in Edinburgh with his wife and two children, and is a keen football supporter.