Carolyn Fairbairn will join the board today, having been a non-exec director of the FSA from 2008-2011. She was also an executive at ITV and has worked at the BBC, the World Bank and as a partner at McKinsey.
Lord Blackwell, another former McKinsey partner, will also join the bank’s board. He is a non-executive of Ofcom, the media regulator, chairman of infrastructure services firm Interserve and until earlier this year was a director at Standard Life, a major Lloyds shareholder. In addition to Sara Weller, who joined the board in February, they replace outgoing directors Glen Moreno, Lord Leach and Julian Horn-Smith.