Lloyds Banking Group Plc Finance Director Tim Tookey will leave the U.K.’s largest mortgage lender to join Friends Life, the insurer being built by Resolution Ltd., Clive Cowdery’s acquisition firm.
Lloyds Banking Group Plc, Britain’s largest mortgage provider, is attracting customers without offering the best rates on its savings accounts, acting Chief Executive Officer Tim Tookey said.
Lloyds Banking Group Plc named Tim Tookey as interim chief executive officer.
Lloyds Banking Group Plc named Tim Tookey interim group chief executive officer during António Horta-Osório’s temporary leave of absence.
Lloyds Banking Group Plc said Finance Director Tim Tookey is resigning and a search for a replacement is underway.
Resolution Ltd. said Tim Tookey, finance director of Lloyds Banking Group Plc, will join as chief financial officer of Friends Life Group Plc.
Lloyds Banking Group Plc said it may miss financial targets even as Britain’s biggest mortgage lender posted smaller-than-expected provisions for bad loans in the third quarter.
Lloyds Banking Group Plc Chief Executive Officer Antonio Horta-Osorio is taking leave of absence from his duties following medical advice and will be replaced in the interim by Finance Director Tim Tookey.
Lloyds Banking Group Plc Finance Director Tim Tookey is to resign and join Friends Life as chief financial officer, the Financial Times reported, without saying where it got the information.