Lloyds poaches Santander officers

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The new boss of Lloyds Banking Group is bringing with him two of his senior colleagues from Banco Santander, it emerged yesterday.

Antonio Horta-Osorio, who succeeds Eric Daniels at the part state-owned bank, is hiring Juan Colombás, the current executive director of risk at Santander, as his chief risk officer at Lloyds, while Santander UK's chief finance officer, Antonio Lorenzo, will join him as director of Lloyds's wealth and international division.

The departures have forced further senior management changes at Santander UK ahead of its probable partial flotation next year. The new chief executive Ana Botín, will bring Jose María Nus, her chief risk officer from Santander's subsidiary Banesto, with her subject to approval by the Financial Services Authority. Santander is also dividing the roles of the chief finance officer.

The bank's other new appointments include Justo Gómez, until now deputy chief finance officer of Banesto, who will be finance director, responsible for asset and liability management, economics and investor relations. Mónica Cueva, until now the financial controller for Banco Santander, will be financial controller responsible for tax, costs and financial reporting.