Finance
Lloyds Restructures Risk Management Unit After Internal Review
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Lloyds Banking Group Plc is restructuring its risk management division, the latest change in Chief Executive Officer Charlie Nunn’s yearslong push to simplify the lender.
The restructuring means about 175 roles are facing redundancy, including about 150 in risk, according to a person familiar with the matter. At the same time, the company is creating more than 100 new roles that will require more technical expertise, the person said, asking not to be identified discussing personnel matters.