Tesco Bank make senior appointment to lead savings, lending and innovative new propositions

Tesco Bank has announced the appointment of Gail Goldie as Product Director, Banking and Group Propositions. 

Gail joins from Barclay’s Bank UK PLC (‘Barclays’) and will be responsible for Tesco Bank’s savings and lending products, which include:

• An award-winning range of credit cards, with over 2.5 million customers
• A range of competitive savings products, including fixed rate and instant access options
• Highly rated personal loans

In addition, Gail will provide senior leadership to Tesco Clubcard Pay+, a new product from Tesco Bank which is designed to help shoppers pay, save and collect Tesco Clubcard points.

Gail has worked in the financial services industry for 19 years and begins her role today, reporting to Tesco Bank’s Chief Customer Officer, Sigga Sigurdardottir.

Gail held a number of roles at Barclays, most recently Managing Director, Affluent Segment & Partnerships. Her previous roles at Barclays include Managing Director, Credit Cards and Loans and Managing Director, Premier Banking. 

Gail has extensive experience in retail banking of driving commercial performance with a strong customer focus and a digital first approach. Throughout her career Gail has developed and led the transformation of products and services. This includes the launch of a digital investment proposition to Barclays Premier customers and the transformation of the Barclaycard UK business model.   

Welcoming the appointment, Sigga Sigurdardottir, Chief Customer Officer, Tesco Bank, said:

“I am delighted that Gail is joining us to lead Tesco Bank’s growth in the savings and lending market, and the development of innovative new propositions to meet the evolving needs of Tesco shoppers.  She has an outstanding reputation for driving customer led strategies and digital transformation within banking. I know that Gail’s passion and leadership will add real value to our team, as we continue to help Tesco shoppers manage their money a little better every day.”

Tesco Clubcard Pay+

Tesco Clubcard Pay+ is an account which comes with a debit card and is designed to help shoppers pay, save and collect Tesco Clubcard points.  Tesco Clubcard Pay+ offers shoppers more control of their money, allowing them to upload and ringfence their grocery spend from any UK current account into their Clubcard Pay account through the free Tesco Bank mobile banking app. 

Customers will collect Clubcard points on most of their shopping, both in and out of Tesco.  Tesco Clubcard Pay+ also comes with a Round Up savings account, which lets customers build a savings pot by rounding up their spending to the nearest £1.  Tesco Clubcard Pay+ is currently being trialled with a limited number of customers, before being launched later this year.

Tesco Bank Savings

Tesco Bank has a range of savings products, including fixed rate and instant access options.  A number of these are among the most competitive in the market following recent increases to interest rates.

Tesco Bank Credit Cards

Tesco Bank has an award-winning range of credit cards to suit customers’ needs, whether they want to transfer a balance, get help building their credit score, or spread the cost of a big purchase.  Tesco Bank Credit Cards also function as a Clubcard and Tesco Clubcard points can therefore be collected with purchases.

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Notes to Editors

1. Tesco Bank Credit Cards

Available to UK residents aged 18 and over. Subject to status.

20.9%APR representative (variable)

PO Box 344 Newcastle Upon Tyne, NE12 2GF

1 Clubcard point for every £4 spent in Tesco and 1 Clubcard point for every £8 spent outside Tesco in each purchase transaction. Exclusions apply. Must have available credit. Clubcard points collection rates are subject to change.

2. Tesco Clubcard Pay+

Tesco Clubcard Pay+ is available to Tesco Clubcard members who are resident in the UK and aged 18 or over. Accounts are subject to status.

3. Clubcard Points Terms & Conditions

The Tesco Clubcard Pay+ debit card is also a Tesco Clubcard, so shoppers will collect the normal 1 Clubcard point for every £1 spent in Tesco (in store and online) and also 1 Clubcard point for every £8 spent outside Tesco.

3 month offer: For the first 3 months (100 days to be exact) after an account is opened shoppers will collect 2 Clubcard points for every £1 spent using the Clubcard Pay debit card on qualifying products in Tesco and on Tesco Fuel (excludes Esso). That’s 1 extra Clubcard point for every £1 spent.  After 100 days, they will go back to the standard Clubcard points collection rate for using Clubcard Pay in Tesco and on Tesco Fuel (1 Clubcard point for every £1 spent).

Clubcard points are calculated on each purchase transaction and the standard collection rate is subject to change. Exclusions apply and there are some products that Tesco points can’t be collected on.  See the Tesco Clubcard website for details.

The Tesco Clubcard Scheme is administered by Tesco Stores Limited, Tesco House, Shire Park, Kestrel Way, Welwyn Garden City, AL7 1GA, who are responsible for fulfilling points.

About Tesco Bank

Tesco Bank’s goal is to make banking and insurance easier and better value for people who shop at Tesco. We’ve been around since 1997 and today we help more than 5 million customers manage their money every day. Over 4,000 colleagues serve our customers seven days a week from our three main centres in Edinburgh, Glasgow and Newcastle, and we are also available through online and mobile banking 24/7. Tesco Bank participates in the Chartered Banker Professional Standards Board.

Tesco Bank is a trading name of Tesco Personal Finance plc. Registered in Scotland No. SC173199. Registered Office: 2 South Gyle Crescent, Edinburgh, EH12 9FQ