The Lloyds Banking Group has named the boss of Santander's UK operations António Horta-Osório as its new CEO, replacing Eric Daniels.
Horta-Osório, who has been CEO of Santander UK since 2006, will take over the role of Lloyds group chief executive on 1 March 2011. "He has led the successful expansion of the Santander Group in the UK through strong organic growth and the integration of the activities of Abbey, Alliance & Leicester and the Bradford & Bingley savings business," Lloyds says. Daniels led Lloyds' takeover of HBOS in September 2008, which forced the banking giant to turn to the government for a £17bn bailout during the financial crisis. In September, Daniels indicated he would step down within 12 months a...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
