Lloyds Names Colombas COO, Bester to Leave in Reorganization
- David Oldfield replaces Bester in charge of commercial banking
- Changes come following speculation over Horta-Osorio’s future
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Lloyds Banking Group Plc named Juan Colombas to the newly created role of chief operating officer and said commercial banking head Andrew Bester will leave as the U.K. bank prepares to unveil a new strategic plan.
David Oldfield, who runs the consumer-banking division, will replace Bester as head of the commercial division, the London-based bank said in a statement on Wednesday. Colombas, who is a director at the bank, will be responsible for computer systems, staff and the transformation plan.