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Charles Alan Nunn (born September 1971) [1] is a British banker and former management consultant, and the chief executive (CEO) of Lloyds Banking Group since August 2021. [ 2 ] Early life
He was group chief executive officer (CEO) of Lloyds Banking Group (2011-2021), and chairman of Credit Suisse from April 2021 until 17 January 2022. Horta-Osório joined Credit Suisse following a series of scandals at the bank. [1] He left the bank in January 2022 after alleged breaches of Covid quarantine rules while travelling in Europe. [2]
The remainder of the Lloyds TSB business would be rebranded as Lloyds Bank. [61] Lloyds Banking Group reached a Heads of Terms agreement in July 2012 to sell the Verde branches to The Co-operative Bank for £750 million. [62] [63] The final transfer of TSB Bank plc to the new owner was due to be completed by late 2013.
A number of phishing email scams have been engineered in 2015, 2016, 2017, and 2018 into making the recipient believe that they are receiving an email from Lloyds Bank or Lloyds TSB. Though these emails have had nothing to do with the bank per se, they often are sent by official-looking email IDs with the bank's domain name. [ 68 ]
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He became chief operating officer of Citibank Consumer Bank in 1998. Citibank and Travelers merged in 1998 and he became chairman and CEO of Travelers Life and Annuity. From 2000 he was chairman and CEO of Zona Financiera, a small short-lived internet startup company, which failed in 2001. He joined Lloyds TSB in 2001 as head of retail banking.
In May 2011, Pester was appointed as the CEO of Project Verde and tasked with moulding a group of 632 bank branches Lloyds was being forced to divest by the European Commission as a penalty for receiving State Aid from the UK Government during the 2008 banking crisis, into a new bank. The new bank was eventually named TSB. [8] [9]
On 1 November 2012, he was appointed chief executive of HSBC in the UK and deputy chief executive of HSBC Bank plc, the group's principal UK and continental European subsidiary. [5] On 1 September 2015, Simões was appointed the chief executive of HSBC Bank plc and chief executive of Europe. [6]