Lloyds Banking Group announces upcoming appointment of Charlie Nunn to its Board of Directors as next CEO

– UK, London –  Lloyds Banking Group plc (LON: LLOY) today announced the appointment of  Charlie Nunn to its Board of Directors as Group CEO, subject to regulatory approvals.

The date at which Mr Nunn takes up his role will be subject to agreement with his current employer where his contract of employment contains a six month notice period and up to six months’ post-termination restrictions.

“I am excited about Charlie’s vision for Lloyds Banking Group, as well as his passion for and commitment to our purpose of helping Britain prosper. Given his career track record, he will bring world class operational, technology and strategic expertise to build on the strengths of the existing management team. I look forward to welcoming him to the Group.” said Robin Budenberg, Non-Executive Director and incoming Chairman.

Lord Blackwell, Chairman of Lloyds Banking Group, said “I am delighted that we have now completed the leadership succession by appointing Charlie as CEO to work alongside Robin Budenberg as the incoming Chairman. I am confident that together they will provide the strong leadership required to carry forward the strategic transformation that will enable Lloyds Banking Group to succeed as the UK’s leading retail and commercial bank.”

About Charlie Nunn

Mr Nunn is currently global Chief Executive, Wealth and Personal Banking at HSBC. Since joining HSBC in 2011, Mr Nunn has held a range of leadership positions including Global Chief Operating Officer of Retail Banking and Wealth Management, Group Head of Wealth Management and Digital, and Chief Executive of Retail Banking and Wealth Management, assuming his current role in February 2018. He began his career at Accenture where he worked for 13 years in the US, France, Switzerland and the UK and became a Partner. He then moved to McKinsey & Co. as a Senior Partner for 5 years.

Charlie said “I feel particularly lucky to be joining Lloyds Banking Group at this important time. Lloyds’ history, exceptional people and leading position in the UK means it is uniquely placed to define the future of exceptional customer service in UK financial services. I look forward to building on the work of António and the team and their commitment to helping Britain prosper.”

António Horta-Osório, Group CEO, said “Charlie will find a warm welcome at Lloyds Banking Group and a deep commitment from all of our people to deliver on our purpose and to help Britain recover. I am sure that he will find his time here as fulfilling and fascinating as I have done and I wish him the very best.”

For more information: https://www.lloydsbankinggroup.com/

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