Secure Trust Bank has named former Tesco Bank MD as its new Chief Executive Officer (CEO). David McCreadie has been appointed as its new CEO after Paul Lyam announced he was leaving to join EQ Group.

McCreadie is an experienced banker, who has worked in financial services for more than 30 years, and has been an independent non-executive director of STB since 17 December 2019.

McCreadie began his career at The Royal Bank of Scotland (RBS), holding roles in Branch Banking, several Group central functions and Consumer Finance, becoming CEO of Kroger Personal Finance, a joint venture between RBS and the Kroger Co, based in Cincinnati. He joined Tesco Personal Finance in 2008 and was a member of the executive team that built Tesco Bank. He was an executive director and managing director, Tesco Bank from 2015 to 2019.