Lloyds shares up as CEO Horta-Osorio announces return

clock

Lloyds Banking Group CEO António Horta-Osório is to return as group chief executive on 9 January 2012 after a period of medical leave.

The company announced on 2 November that Horta-Osório had taken a leave of absence on medical advice, and says it has completed a "rigorous process" to assess his ability to return and lead the group. The bank said independent medical advice concluded the former Santander UK CEO has now made a full recovery. Lloyds CFO Tim Tookey, himself due to leave the business in February, had been installed as interim CEO in Horta-Osório's absence. Shares in Lloyds reversed earlier losses on the news of Horta-Osório's return to stand up 0.3% on the day at 24.8p. Horta-Osório's direct reporting...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA's SDR regulation will 'make advisers sit up and listen'

FCA's SDR regulation will 'make advisers sit up and listen'

‘There has to be a fundamental re-educating of the adviser community’

Isabel Baxter
clock 30 November 2023 • 4 min read
Advice/guidance boundary review will help 'bridge advice gap'

Advice/guidance boundary review will help 'bridge advice gap'

The FCA’s latest update leads to mixed reactions from the industry

Sahar Nazir
clock 04 August 2023 • 4 min read
FCA review confirms investment pathways working 'as intended'

FCA review confirms investment pathways working 'as intended'

No changes to initiative but industry called to better support savers

Holly Roach
clock 12 July 2023 • 3 min read