Dual roles for Gary Duggan at Tesco Bank
By Karen Peattie TESCO Bank has confirmed that Gary Duggan will take on the dual roles of interim chief executive of Tesco Underwriting and interim chief insurance officer at Tesco Bank, subject to regulatory approval. The bank completed its acquisition of Ageas UK’s stake in Tesco Underwriting in May, creating an end-to-end insurance business that is “uniquely positioned to help Tesco shoppers protect their cars and homes”. Edinburgh-based Tesco Bank acquired Ageas’s 50.1 per cent stake for £123 million, which included reimbursement of a £21m internal loan. The acquisitio...
Source: heraldscotland.com
