Chief risk officer to leave Lloyd’s Banking Group
Friday, 12 November 2010 | 
Finance - Banki...
Carol Sergeant, chief risk officer at Lloyd’s Banking Group, is to leave the firm at the end of January 2011. According to the bank, Ms Sergeant is departing to pursue other interests and a replacement for her will be sought.
She initially began her career within the sector at the Bank of England in 1974 before joining the Financial Services Authority (FSA) in 1997.
Ms Sergeant is thought to be one of the frontrunners to take on a management role at any of the new regulatory bodies set up in the wake of the dismantling of the FSA.
In a statement quoted by Bloomberg, the departing post holder said: “Now is the right time for me to seek new challenges.”
Her departure from the bank follows the recent announcement that António Horta-Osório will take over the role of chief executive officer (CEO) from March 1st.
The new post holder will succeed outgoing CEO Eric Daniels and joins from Santander UK where he has been working in a similar role since 2006.
Source: Bobsguide
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Santander’s UK CEO appointed as new Lloyd’s chief
The appointment of Mr Horta-Osorio as the replacement for current CEO Eric Daniels was confirmed by the group.
He joined the Spanish bank’s UK division in 2006 and led its integration with operations run by Bradford&Bingley, Abbey and Alliance&Leicester.
The incoming banking chief will join Lloyds during the early months of 2011 before taking on the role of CEO from March 1st.
Sir Win Bischoff, chairman of Lloyds Banking Group, said: “We are delighted to have attracted someone with his experience in, and understanding of, the UK retail and commercial banking industry, as well as his track record in integrating three well respected UK retail banking franchises.
“António’s drive, enthusiasm and commitment to customers along with his proven ability to build and lead strong management teams will be of significant value to all stakeholders of the group.”
Mr Horta-Osorio said he was “honoured” to have been asked to take on the role and emphasised how he was aware of the importance of the firm to the future prosperity of the UK’s financial markets.
In an interim management statement released earlier in the week, Lloyd’s announced it had made “good progress” against its objectives for 2010.
Source: Bobsguide