HBOS finance chief to step down

Link: Back office bodge-up costs HBOS £750,000.

Ellis joined Halifax in 1987 as treasurer. He has held a number of senior roles in its treasury, retail and group divisions since then and played a ‘key role’ in Halifax’s merger with Leeds Permanent Building Society.

He was also pivotal in the group’s flotation and merger with the Bank of Scotland in 2001, at which point he became group FD.

HBOS chief executive said: ‘Mike has been at the heart of all our achievements. We wish him well for the future.’

The FD role is passed onto Mark Tucker. He joins the HBOS board on 30 April and will work alongside Mike Ellis until October.

Chartered accountant Tucker has extensive financial services experience both in the UK and internationally. He previously served as an executive director at Prudential, and as its chief executive in Asia.

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