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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]
Lloyds Banking Group plc is a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009. It is one of the UK's largest financial services organisations, with 30 million customers and 65,000 employees. [ 4 ]
After the 2008 rescue of HBOS, [37] Lloyds TSB Group was renamed Lloyds Banking Group. [38] In 2009, following the liquidity crisis , HM Government took a 43.4% stake in Lloyds Banking Group. The European Commission ruled that the group must sell a portion of its business by November 2013, as it categorised the stake purchase as state aid .
Unconditional trading in the shares started on 25 June 2014. A further 11.5% of TSB Banking Group shares were sold by Lloyds Banking Group in September 2014, bringing its share holding down to 50%. [23] According to Lloyds' chief executive, António Horta-Osório, the separation cost £1 billion more to perform than the new bank is worth. [24]
He joined Lloyds TSB in 2001 as head of retail banking. He became CEO of Lloyds TSB in June 2003, and of Lloyds Banking Group in January 2009 after the merger with HBOS . He built a reputation for being quietly spoken, thoughtful and not prone to superlatives - what many would describe as excellent, he would say was "pleasing". [ 1 ]
Sir Winfried Franz Wilhelm Bischoff (10 May 1941 – 25 April 2023) was a German-born British banker who was the chairman of Lloyds Banking Group. He previously served as chairman and interim CEO of Citigroup in 2007. [1] [2] He was succeeded as CEO by Vikram Pandit on 11 December 2007.
Brittain joined Barclays as a graduate trainee, and worked there for 19 years. [2] She joined Santander UK in 2007, then Lloyds Banking Group in 2011. [2]In May 2015, it was announced that from January 2016, Brittain would take over from Andy Harrison, who would be retiring, as CEO of Whitbread, the parent company of Premier Inn, Whitbread restaurants and Costa Coffee. [3]