Belfast Telegraph

Changes at top of Lloyds ahead of talks on strategy

By Holly Willams

Lloyds Banking Group boss Antonio Horta-Osorio has unveiled a top-level shake-up as the lender paves the way for its next three-year strategy update.

The restructure - which comes less than two months after the bank was fully returned to private hands - includes the departure of Andrew Bester, director of commercial banking, after five years with the group.

He will be replaced by David Oldfield, currently head of the retail banking operation.

Lloyds said chief financial officer George Culmer will take on responsibility for the legal and strategy teams, as well as for Lloyds Development Capital. Executive director Juan Colombas has been appointed to the newly-created role of chief operating officer, heading a number of key departments.

Simon Davies - chief people, legal and strategy officer - is leaving after recently taking a leave of absence as his wife is unwell, according to Lloyds.

The changes will take effect on September 4. The move comes ahead of strategy discussions in the second half.

Belfast Telegraph

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