Lloyds Banking Group has announced changes to its group board and the management team, with five business lines now reporting directly to the group chief executive.
Alison Brittain will undertake the newly created role of group director of retail with responsibility for multi channel and multi brand strategy including Lloyds TSB, the Bank of Scotland and Halifax, retail products and marketing, as well as telephony and digital banking.
Antonio Lorenzo, group director of strategy and wealth and international, will also undertake responsibility for Asset Finance which had formerly been a part of the Wholesale business.
Truett Tate, group executive director for Wholesale has decided to retire from the group during February and will not seek re-election at the group’s Annual General Meeting in May. As a result of his departure Andrew Géczy, CEO of wholesale banking and markets, will report on an interim basis to group chief executive, António Horta-Osório.
John Maltby remains as director of commercial continuing with his responsibility for the SME businesses. Toby Strauss’ role also remains unchanged as director of the group’s Insurance division.
Horta-Osório said: “The changes to the group’s senior management team ensure we have the right organisational structure to deliver on our strategy and move to the next phase of the group’s transformation.