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Lloyds Ex-Chief Eric Daniels Joins StormHarbour as Adviser

Jan. 25 (Bloomberg) -- Eric Daniels, the former chief executive officer of Lloyds Banking Group Plc, joined StormHarbour Partners LP, the markets and financial-advisory firm.

Daniels joins StormHarbour as a principal and senior adviser effective immediately, and will be based in London, the company said in an e-mailed statement today. Daniels stepped down as CEO of Lloyds in February last year and remained on the payroll until September.

Daniels will “play an integral role in setting the firm’s long-term strategy” as the “reshaping of the financial-services industry provides significant opportunities,” StormHarbour said.

Daniels, 60, led the bank’s takeover of HBOS Plc, the U.K.’s biggest mortgage lender in 2008, whose losses led Lloyds to cede a 41 percent stake to the government and seek a taxpayer-funded bailout of more than 20 billion pounds ($31 billion).

Montana-born Daniels joined Britain’s biggest mortgage lender in 2001 as head of U.K. retail banking and was CEO of Britain’s biggest mortgage lender for seven years. Before Lloyds, he was chief operating officer of Citibank Consumer Bank.

StormHarbour has hired more than 180 senior specialists since it was founded in 2009 by former Citigroup Inc. executives Antonio Cacorino and Fredrick Chapey.

To contact the reporter on this story: Gavin Finch in London at gfinch@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net

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