British Savings Bank NS&I Changes CEO After Deposits Scandal

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By Charlie Wells and Philip Aldrick

March 26, 2026 at 1:57 PM UTC

Updated on

March 26, 2026 at 7:22 PM UTC

The UK replaced the chief executive of the country’s state-owned savings bank, National Savings and Investments, as it grapples with a scandal over the mismanagement of customer money.

Jim Harra, a former first permanent secretary of HM Revenue & Customs, will take over as interim chief executive of NS&I, replacing Dax Harkins, who was appointed to the position in 2023.