Lloyds representatives step down from SJP board following remaining holding sale

Harris and Hewitt joined the board as non-executive directors on 1 June, replacing Steve Colsell as Lloyds Banking Group representative. The sale of Lloyds' remaining 21% stake in St James's Place for £680m last week brought an end to the relationship agreement between the two companies, prompting the resignation of both Lloyds representatives from the SJP Board with effect from the end of the year. Under the terms of the agreement, Lloyds was entitled to have one representative on the board for every 10% share it owned, up to 30%. Lloyds Banking Group reportedly realised a gain of...