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, the former 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)