Debbie Crosbie
Debbie Crosbie | |
|---|---|
| Born | 30 March 1970 Glasgow, Scotland |
| Education | University of Strathclyde |
| Occupation | Banker |
| Title | CEO, Nationwide Building Society |
| Term | June 2022– |
| Predecessor | Joe Garner |
| Children | 1 |
Dame Deborah Anne Crosbie DBE (born 30 March 1970) is a British banker who has been the chief executive of the Nationwide Building Society since June 2022.[1] She was previously the CEO of TSB Bank from May 2019.[2]
Early life
[edit]Crosbie was born and raised in Glasgow, the daughter of an engineer father and a social care manager mother.[3] She attended Boclair Academy and studied international relations as a bachelor's degree at the University of Strathclyde, graduating in 1991.[1][4][5]
Career
[edit]Crosbie started her career in the Prudential graduate training programme, working in the City of London.[3]
In 1997, she joined Clydesdale Bank as a project manager, rising to chief operating officer (COO) in January 2015.[2][3]
In November 2018, TSB Bank announced Crosbie as its new CEO, to succeed Paul Pester in May 2019.[6][7]
In June 2022, she succeeded Joe Garner, as chief executive of the Nationwide Building Society.[8]
In 2025, after overseeing the merger with Virgin Money and declaring Nationwide's 'record breaking' £2.8bn annual return, she was described by The Independent, as Britain's "most successful woman banker."[9] Crosbie's subsequent increase in remuneration was controversial, as the mutual did not allow members a 'binding' vote on this decision.[10]
In December 2025, Nationwide was fined £44 million by the Financial Conduct Authority for having weak financial crime controls and missing opportunities to identify fraudulent Covid furlough payments. One customer had been able to use a personal current account to receive £27.3 million of fraudulent furlough payments over 13 months, £26 million of that in only eight days.[11]
In late 2025, Crosbie was appointed Woman in Finance Champion in the United Kingdom, a nomination announced by the Chancellor of the Exchequer in December 2025. The role, an unpaid ministerial appointment that she has held since 1 January 2026, aims to accelerate the advancement of women into senior leadership positions within the financial sector. She succeeded Dame Amanda Blanc, former CEO of Aviva.[12]
Honours
[edit]Crosbie was made a Dame of the British Empire for services to financial services in the King's birthday honours 2025.[13]
Personal life
[edit]Crosbie is married and has a daughter.[1]
References
[edit]- 1 2 3 Treanor, Jill (14 February 2021). "Interview: Will Debbie Crosbie, TSB's boss, soon say adios to Sabadell?". The Sunday Times. Retrieved 24 May 2024.
- 1 2 Kollewe, Julia; Makortoff, Kalyeena (19 November 2018). "TSB appoints Debbie Crosbie as new chief in wake of IT meltdown". the Guardian. Retrieved 19 November 2018.
- 1 2 3 "Clydesdale Bank has a proud history of supporting women". scotsman.com. Retrieved 19 November 2018.
- ↑ "Nationwide boss's pay doubles to £4.7m after Virgin Money deal". 8 June 2026.
- ↑ "Executive Profile: Debbie Crosbie". Bloomberg LP. Retrieved 19 November 2018.
- ↑ "TSB appoints Debbie Crosbie as new executive after online banking meltdown". Independent.co.uk. Retrieved 20 December 2018.
- ↑ "TSB lures rival chief Debbie Crosbie as it fights back from IT fiasco". standard.co.uk. Retrieved 19 November 2018.
- ↑ Venkataramakrishnan, Siddharth (3 December 2021). "Nationwide appoints TSB boss Debbie Crosbie as chief executive". The Financial Times. Retrieved 8 June 2022.
- ↑ "Nationwide to return record £2.8bn to customers after Virgin merger". The Independent. 29 May 2025. Retrieved 29 May 2025.
- ↑ Makortoff, Kalyeena (6 July 2025). "Anger as Nationwide refuses members a binding vote on boss's 43% pay hike". The Guardian. ISSN 0261-3077. Retrieved 9 July 2025.
- ↑ Makortoff, Kalyeena (12 December 2025). "Nationwide fined £44m by watchdog for financial crime control failings". The Guardian. Retrieved 12 December 2025.
- ↑ "Chancellor appoints new Women in Finance Champion". GOV.UK. Retrieved 8 June 2026.
- ↑ "Glasgow-raised Nationwide and Greggs bosses among businesswomen honoured". The Independent. 13 June 2025. Retrieved 9 July 2025.
- Alumni of the University of Strathclyde
- British chief executives of financial services companies
- Businesspeople from Glasgow
- Scottish bankers
- Scottish chief executives
- Living people
- British women chief executives
- Prudential plc people
- 20th-century Scottish businesspeople
- 21st-century Scottish businesspeople
- 1970 births
- 20th-century Scottish businesswomen
- 21st-century Scottish businesswomen
- Dames Commander of the Order of the British Empire