Richard Pym is to step down as chief executive of Alliance & Leicester after five years in the role, says the Daily Telegraph .
His surprise retirement came as the FTSE 100 mortgage bank reported a better-than-expected rise in full-year profits and became the fourth lender to offer a 125% home loan. Headhunters have been appointed to find a suitable successor but Pym's retirement will inevitably ignite ambitions within the boardroom, says the paper. Among the potential candidates are the managing director of the retail bank, Chris Rhodes; the finance director, David Bennett; and Richard Banks, head of commercial banking. Industry sources also suggested Roger Davis, the former head of Barclays' UK retail bank, ...
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