Charlie Nunn appointed as Lloyds Banking Group CEO

António Horta-Osório to step down

HSBC global chief executive Charlie Nunn will replace António Horta-Osório as group chief executive of Lloyds Banking Group.

This comes following confirmation that Horta-Osório would step down after ten years at the helm of the group, which includes Scottish Widows and Halifax Bank among a raft of other insurance, investment, and commercial banking subsidiaries across the UK. The date at which Nunn will take over the role will be subject to an agreement with HSBC, which stipulates a six-month notice period and a further six-month post-termination restrictions period. Lloyds CEO steps down as Robin Budenberg appointed chair Lloyds has confirmed its group chief financial officer William Chalmers will take ...