Charlie Nunn appointed as Lloyds Banking Group CEO

The hire comes after Horta-Osório confirmed he would step down after ten years at the helm of the group, which includes Scottish Widows and Halifax Bank among a raft of other insurance, investment, and commercial banking subsidiaries across the UK. The date at which Nunn will take over the role will be subject to an agreement with HSBC, which stipulates a six-month notice period and a further six-month post-termination restrictions period. Lloyds has confirmed its group chief financial officer William Chalmers will take on the position in an interim capacity should Horta-Osório step...