Last checked at 2 May 2017 07:01
2 May 2017
LLOYDS BANKING GROUP: DIRECTOR CHANGES
Lloyds Banking Group plc (the "Group") is pleased to announce the appointment of James Lupton as an independent, Non-Executive Director with effect from 1 June 2017. Lord Lupton will join the Board's Risk and Audit committees. He has also been appointed Chairman designate of the Lloyds Non Ring-fenced Bank which is in the process of being established, subject to regulatory approval.
Commenting on the appointment, Lord Blackwell, Chairman of Lloyds Banking Group, said: "I am delighted to welcome James to the group, bringing not just his experience of UK Banking and Capital markets, but also his extensive corporate advisory experience which will be of particular value to our overall Commercial Banking activities. We look forward very much to working with him both on the Group Board and in establishing strong governance and risk management for our Non Ring-fenced Bank."
BIOGRAPHICAL DETAILS
Lord Lupton has extensive experience in advising financial institutions and international businesses on major strategic issues and financial market transactions. He co-founded the London office of Greenhill & Co, an international corporate advisory firm, in 1998 and most recently has acted as Chairman of Greenhill Europe. He had previously been Deputy Chairman of Baring Brothers International Limited, having initially qualified as a solicitor with Lovell, White and King.
Lord Lupton is announcing today that he is stepping down as Chairman of Greenhill Europe prior to taking up his role with Lloyds, and is moving to a part time role as a Senior Adviser with Greenhill.
Lord Lupton CBE is a former National Treasurer of the Conservative Party and was appointed a life peer in 2016.
There is no other information to be disclosed under paragraph 9.6.13R of the Listing Rules.
For further information:
Investor Relations
Douglas Radcliffe +44 (0) 20 7356 1571
Group Investor Relations Director
Email: douglas.radcliffe@finance.lloydsbanking.com
Corporate Affairs
Matt Smith +44 (0) 20 7356 3522
Head of Corporate Media
Email: matt.smith@lloydsbanking.com