Jim Armitage: TSB should not say Yes to an old Lloyds hand
Jim Armitage is the City editor of The Independent and London Evening Standard group of newspapers. He has been a reporter and editor for more than 20 years and was recently shortlisted for the Press Gazette financial journalist of the year and The Society of Editors financial journalist of the year awards. He contributes news, investigative reports and comment to the Independent titles plus a daily column in the Evening Standard.
Friday 20 September 2013
Outlook Speaking of Lloyds, I hear the black horse bank's young foal TSB will be appointing its new chairman in the next couple of weeks.
Dennis Holt, a former Lloyds board member, and two others have reached the last stages of the process at the bank that likes to say "Yes." Should be a fun job, leading a FTSE 250 flotation in the middle of next year.
But I can't help thinking they'd do better hiring a woman who's not been at the Lloyds stable before. Key to TSB's marketing story is to ice the perception that it is simply Lloyds Lite.
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