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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 .
He then began working in various senior roles for Lloyds TSB, Santander and Lloyds Banking Group. [ 7 ] 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 ...
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]
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]