Rosemary Hilary was appointed as a Non-executive Director in June 2016. She was previously Chief Audit Officer of TSB Bank, an Executive Committee role. There she built the Internal Audit function following the establishment of TSB as a separate bank divested from Lloyds Banking Group. Prior to that she held a number of senior financial services regulatory roles, transitioning from the Bank of England to the Financial Services Authority and then to the Financial Conduct Authority. Rosemary is also a Non-executive Director of the Pension Protection Fund and a member of its Risk and Audit Committee and Investment Committee, and a member of the MBA Advisory Board at Cass Business School. From 2010 until 2016, Rosemary was a Trustee of the Board of Shelter, the national homelessness charity, where she was also a member of the Audit, Risk and Finance Committee.