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Marc Armengol Takes Helm at Banco Sabadell for Tech Overhaul

2/5/2026

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Summary

Story summary

Banco Sabadell named Marc Armengol, chief executive of TSB, as its chief executive to lead the bank's technological transformation and profitability, succeeding Cesar Gonzalez-Bueno.
Armengol will pursue Sabadell's 2026–2027 targets, including net profit above 1.6 billion euros.
The bank plans to distribute 6.45 billion euros to shareholders from 2025 to 2027.
Profitability has come under scrutiny after selling TSB to Santander, which contributed 18.5% to earnings in September.

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Story summary

Banco Sabadell named Marc Armengol, chief executive of TSB, as its chief executive to lead the bank's technological transformation and profitability, succeeding Cesar Gonzalez-Bueno.
Armengol will pursue Sabadell's 2026–2027 targets, including net profit above 1.6 billion euros.
The bank plans to distribute 6.45 billion euros to shareholders from 2025 to 2027.
Profitability has come under scrutiny after selling TSB to Santander, which contributed 18.5% to earnings in September.