Lloyds Banking Group representative, Steve Colsell, is to step down from the board at St James's Place (SJP) and be replaced by Sue Harris and Alison Hewitt.
Colsell joined the board as non-executive director in February 2009.
Similarly, Harris and Hewitt will both join the board as non-executive directors on 1 June.
Harris currently works as audit director of Lloyds Banking Group and prior to this was the finance director for group finance.
Hewitt has worked as managing director, retail business risk for Lloyds Banking Group since May 2012.
Charles Gregson, chairman of SJP commented: "I would like to thank Steve Colsell for his valuable contribution during his time on the SJP Board and we look forward to working with Sue and Alison going forward."
Lloyds sold one third of its 57% stake in SJP last month. It is expected to raise £520m from the sale.
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