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Nunn worked for Accenture for 12 years, in the US, France, Switzerland and the UK. [7] Then in 2006, he joined McKinsey & Company as a partner, and worked there for five years. [7] Nunn joined HSBC in 2011, rising to global head of personal banking and wealth management. [2] [6] Nunn succeeded António Horta-Osório on 16 August 2021, after a ...
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 ]
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 ]
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]
On 12 February 2009, the CEO of Lloyds group, Eric Daniels, was questioned about the banking crisis during a session of the Treasury Select Committee of the House of Commons. One of the key issues concerned Lloyds' takeover of HBOS in 2008, and the amount of due diligence carried out before the acquisition. Mr Daniels stated that a company ...
Sir Robin Francis Budenberg CBE (born 1959) is a British corporate adviser. He was appointed non-executive Director of Lloyds Banking Group [ 1 ] on 1 October 2020 and became Chairman on 4 January 2021 and was appointed Chairman of The Crown Estate [ 2 ] on 9 August 2016.