Lloyds poaches HSBC's Charlie Nunn for new CEO

clock • 1 min read

Britain's Lloyds Bank has appointed Charlie Nunn as its next CEO, replacing António Horta-Osório. Nunn is currently head of wealth and personal banking at HSBC. Horta-Osório is stepping down in July after 10 years in the top job at Lloyds Banking Group, the UK's biggest lender. The change at the top of Lloyds comes at a crucial juncture for the bank, with Brexit, restructuring and a move to cut more than 1,000 jobs all coming to a head in 2021. Norman Blackwell, Lloyds Banks' chairman, who is also stepping down, said: "I am delighted that we have now completed the leadership succ...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.