Lloyds Bank CEO António Horta-Osório to step down in 2021

(Reuters) – Lloyds Banking Group Chief Executive Officer Antnio Horta-Osrio will step down next year after spending a decade at the helm, the state-backed lender said on Monday as it appointed industry veteran Robin Budenberg as its new chairman.

Horta-Osrio, who has been in charge of Lloyds for almost a decade, said he would step down by June of next year and was leaving with “mixed emotions”.

(Reporting by Muvija M in Bengaluru; editing by Patrick Graham)