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TSB chief risk officer to leave at January-end

TSB Banking Group PLC Chief Risk Officer Iain Laing will leave the company at the end of January and will be replaced by Chief Audit Officer Carlos Paz, subject to regulatory approval.

The bank, which suffered an IT debacle in 2018, did not give a reason for Laing's departure. He joined the company in January 2017.

Richard Waspe, director of audit risk, will fill the chief audit officer role on an interim basis, according to a Jan. 6 release.