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(Corrects to remove "former" from third paragraph)
Oct 7 (Reuters) - Tesco's financial arm confirmed
on Monday that it has appointed John Kingman, the businessman
who oversaw Britain's bailout of its banks in the financial
crisis, to its board as a non-executive director.
Kingman was closely involved in the British government's
response to the 2008 financial crisis as Second Permanent
Secretary to the treasury, and his appointment is effective next
month, Tesco Bank said in a statement.
Kingman, who is also the chairman of Legal & General Group
Plc, had been reported as a possible contender to be
the next governor of the Bank of England, although he has said
he does not want the role.
(Reporting by Muvija M in Bengaluru; Editing by Bernard Orr)
