Lloyds risk chief to step down in New Year
Lloyds Banking Group will be looking for a new chief risk officer for the New Year as Carl Sergeant announced she will vacate the role.
Sergeant, who jointed Britain’s largest mortgage lender back in 2004 and became the first risk officer ever to be appointed to the group executive committee, is set to depart to pursue other interests, as was confirmed by the London-based bank in an statement on Thursday.
In her own statement, Sergeant, who was once an executive director for the UK’s Financial Services Authority, explained how the time had come for her to seek out new challenges.
During her time at Lloyds, she is credited with playing a key role in both developing and delivering the bank’s public affairs program.
The announcement comes fresh off last week’s revelation that Antonio Horta-Osorio, who once headed Banco Santander UK branch, will take the place of CEO Eric Daniels on the 1st of March next year. Unfortunately for Horta-Osorio however, he will be taking the reigns of a bank that has continued to shirnk following a taxpayer- funded bail out while having to resort to slashing more than 22,000 jobs. As well as this, it also faces an official government inquiry into how fairly it competes with other British lenders.
Earlier this month, Lloyds forecast a solid financial performance overall for 2010. In the first half of the fiscal year, it posted profits that were the first since Daniels had headed Lloyds during its takeover of HBOS Plc back in September of 2008.