The Investing and Saving Alliance (TISA) today announces the appointment of Larry Banda as Deputy Chair, following four years on the Board as a non-executive director.  Larry brings extensive and very broad experience, with over 40 years in financial services, including 34 years with Nationwide in senior roles in Financial Planning, Protection and Investments, Mortgage Distribution, Intermediary Relationships, Contact Centres, Branch Network and as Managing Director of The Mortgage Works. His responsibility for Mortgage Distribution also included Later Life Mortgages for all advice channels (including via video into customers’ homes). Larry is also an experienced NED having also been the Chair of Mortgage Brain and the Mortgage Trading Exchange.

Larry has spent much of his extensive career in financial services on improving and innovating mortgages at Nationwide, with roles including Divisional Director for Financial Planning Protection & Investments and expanding to include all Mortgage Distribution before taking early retirement this month.

Tony Stenning, Chair of TISA, said: “TISA’s mission is to improve the financial wellbeing of consumers in the UK and we have made tremendous progress in this space over the past years through our strategic and technical policy work and our transformative digital initiatives.

“The appointment of Larry as our Deputy Chair will help us to accelerate our goal of ensuring that everyone in the UK has both access to and a better understanding of savings and investments.

“Larry has demonstrated a strong commitment to TISA in his non-executive role and now myself, the TISA Board and TISA’s Executive Team look forward to working with him in this new capacity.”

Larry Banda, Deputy Chair of TISA, said: “I have loved my four years as non-executive director for TISA, and am delighted to be asked to be their Deputy Chair at this exciting time in the evolution of the organisation. My personal focus and goals are perfectly aligned with TISA’s especially with regard to financial well-being and access to great advice and guidance tools. I have been consistently impressed by the work TISA does to support businesses and UK consumers to improve the savings and investment choices and opportunities for ordinary people. It is a truly unique body, providing ambitious but realistic solutions for challenges faced by consumers, companies and policymakers.

“I am excited to work with the team in this new capacity and play a more active role in TISA’s strategy and the ongoing development and roll-out of a broad range of initiatives moving forwards.”


For more information:  

Fenella Cuthbert 


020 7497 5327