Nov 30, 2020

Lloyds names Charlie Nunn as new chief executive

Lloyds Bank has poached HSBC banker Charlie Nunn to be its new chief executive, replacing António Horta-Osório in the top job. Mr Nunn is head of wealth and personal banking at HSBC, having been with the bank since 2011. Lloyds did not give a start date for its new chief executive, saying that it would depend on reaching an agreement with his current employer. Mr Horta-Osório joined Lloyds in 2011 and led the bank through its return to the private sector, after the government took a stake during the financial crisis. The selection process for Mr Nunn was managed by outgoing chair Lord Blackwell, incoming chair Robin Budenberg - who will take up his new role in January next year - and deputy chair Alan Dickson.

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