Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. 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 Hugh Yarrow: Why the equity income sector needs fixing

Hugh Yarrow: Why the equity income sector needs fixing

Hugh Yarrow's Evenlode Income fund was recently removed from the Investment Association's UK Equity Income sector.

Play GAM charity football tournament: the live draw

GAM charity football tournament: the live draw

Former Chelsea and England footballer Graeme Le Saux visits Citywire to make the draw for the tournament, where all proceeds going to Wheels for Wellbeing.

Play FIFA, Panama Papers…and what everyone’s getting wrong

FIFA, Panama Papers…and what everyone’s getting wrong

VIDEO: Investigative reporter Jeffrey Robinson reveals how major corruption scandals are being mishandled and what to expect next.

Your Business: Cover Star Club

Profile: JPM Wealth MD on breaking the glass ceiling

Profile: JPM Wealth MD on breaking the glass ceiling

During her tenure at JP Morgan, the private bank has changed the way it segments clients in a bid to improve focus

Wealth Manager on Twitter