London: Tata Limited, the wholly owned subsidiary of Tata Sons in Europe today announces the appointment of Tim Jones as Executive Director.

Mr Jones has held senior leadership, advisory and board level roles across the financial services industry spanning retail banking, payment systems and institutional stockbroking. From 2007 until 2015, he was the chief executive of The Personal Accounts Delivery Authority and later of the National Employment Savings Trust, the new workplace pension scheme set up by the UK government.

Mr Jones added: “Tata has been a company ahead of its times, ever since its formation 150 years ago, with a clear sense of purpose and an admirable focus on values, culture and empowering communities. I am delighted to join Tata, and I look forward to working with an exceptionally talented team.”

Mr Jones will succeed Dr David Landsman, who has led Tata Limited in the UK for the past five years.

Mr Jones serves as an independent director on the board of ITG Inc, an NYSE listed financial technology company and as a non-executive director of the Single Financial Guidance Body, a newly-formed public body stewarded by the UK Department of Work and Pensions. He is also the global ambassador for Tibado, a global digital cash start-up which he cofounded. Earlier in his career, Tim spent 17 years at NatWest Bank in the UK where, from 1990, he led the development of Mondex digital cash, as well as becoming chief executive of retail banking in the late 1990s.