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 Biotech Growth: we will ride out this storm

Biotech Growth: we will ride out this storm

Geoffrey Hsu of Biotech Growth Trust says the sell-off in biotechnology stocks represents a buying opportunity for long-term investors.

Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Your Business: Cover Star Club

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

In a buyers’ market for off-the-peg discretionary management, self-funded start-ups begin at an inherent disadvantage

Wealth Manager on Twitter