FDs in the frame to lead Lloyds

FDs in the frame to lead Lloyds

Bank chief's resignation puts finance directors in line for possible succession

Douglas Flint, HSBC

Early speculation on who could replace Eric Daniels as chief executive of
Lloyds Banking Group as centred on at least three former finance directors.

Report in this morning’s press have identified Douglas Flint, group FD at
HSBC and Naguib Kheraj, former FD at Barclays and now CEO JPMorgan Cazenove as
possible candidates.

Internal candidates have also featured in press stories including Helen Weir,
former FD at Lloyds and now heading its retail business unit. Some reports
suggest current Lloyds FD Tim Tookey is also in with a chance.

Daniels resigned yesterday. He said the decision was personal made after
reflection on progress the bank has made since taking over HBOS. The takeover
took the bank through two years of losses before moving back into profit this
year.

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