Two top British banks prepare for leadership changes at the top
Lloyds and Barclays are looking to change their strategies — at the worst possible time, writes Elisa Martinuzzi
11 July 2020 - 06:37
Plans for a change of leadership at two of Britain’s major banks could hardly be better timed. The economic shock of the pandemic, plus the uncertainty around Brexit, will probably demand a strategic re-set at both Lloyds Banking Group and Barclays.
Lloyds, the UK’s biggest mortgage lender, said this week that CEO António Horta-Osório will step down in 2021 once a successor is found. While Barclays says no search is underway, the lender could seek a replacement for CEO Jes Staley as soon as next year and recently reached out to potential candidates, Bloomberg News reported...
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