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Lloyds chief executive Horta-Osório set to depart

Lloyds chief executive Horta-Osório set to depart

Lloyds Banking Group (LLOY) has announced that chief executive António Horta-Osório will step down in June next year after a decade in the post. A replacement has yet to been named. As part of the boardroom shake-up, Robin Budenberg – currently chairman of private US banking company Centerview Partners – will succeed retiring chairman Lord Norman Blackwell in early 2021.

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