LLoyds Banking Group (LBG) has revealed the appointment of an interim group chief executive, following the announcement of 2 November that the Group CEO, António Horta-Osório, had taken a short leave of absence on medical advice.
David Roberts, a non-executive director since 2010 and chairman of LBG’s risk committee, will assume the position in the event that Horta-Osório’s return is delayed beyond the end of the year.
Meanwhile, Nathan Bostock, currently head of restructuring and risk at RBS has decided not to join LBG after all.
Because of this, Truett Tate will continue in his role as group executive director, wholesale, as has been his responsibility for the last seven years, as well as continuing his role as vice chairman, client coverage.
