Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and only takes a minute.

Lloyds’ deputy chairman Moreno to retire

Glen Moreno, deputy chairman and senior independent director at Lloyds Banking Group, is retiring in May this year.

Moreno, formerly chief executive of Fidelity International, worked on the fall-out from the banking crisis for more than three years.

He said: ‘With a strong board and a talented executive team in place, and the group stabilised following the HBOS acquisition, it is time for me to move on. 

‘Lloyds Banking Group has a robust and realistic long-term strategy to deliver what we all care deeply about: a safe and sound bank that serves its customers well and returns money to the UK taxpayer.’

The board of Lloyds has appointed Anthony Watson, chairman of the Remuneration Committee, as its senior independent director and David Roberts, chairman of the Risk Committee, as deputy chairman, with effect on 17 May.

Sir Winfried Bischoff, chairman of Lloyds Banking Group, said:  ‘Tony comes with the background of former chief executive of one of the most prominent investment institutions in the country and a board member of a number of major UK public companies and David with an extensive history of commercial and retail banking.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter