Lloyds Banking Group Appointed HSBC Global Chief Executive Nunn as CEO

​​Updated on its website, Lloyds Banking Group plc is delighted to announce that, subject to regulatory approval, HSBC global chief executive Charlie Nunn is to be appointed to the role of Group Chief Executive Officer and Executive Director. 

Charlie Nunn will replace António Horta-Osório, who would step down after ten years at the helm of the group, which includes Scottish Widows and Halifax Bank among a raft of other insurance, investment, and commercial banking subsidiaries across the UK.

The date at which Nunn will take over the role will be subject to an agreement with HSBC, which stipulates a six-month notice period and a further six-month post-termination restrictions period.

​Charlie Nunn's Career

Mr. Nunn is currently global Chief Executive, Wealth and Personal Banking at HSBC. Since joining HSBC in 2011, Mr. Nunn has held a range of leadership positions including Global Chief Operating Officer of Retail Banking and Wealth Management, Group Head of Wealth Management and Digital, and Chief Executive of Retail Banking and Wealth Management, assuming his current role in February 2018. 

He began his career at Accenture where he worked for 13 years in the US, France, Switzerland and the UK and became a Partner. He then moved to McKinsey & Co. as a senior Partner for 5 years.

Robin Budenberg, Non-Executive Director and incoming Chairman from 1 January 2021, said, "I am excited about Charlie's vision for Lloyds Banking Group, as well as his passion for and commitment to our purpose of helping Britain prosper. Given his career track record, he will bring world class operational, technology and strategic expertise to build on the strengths of the existing management team. I look forward to welcoming him to the Group."