Lloyds risk chief resigns

Marion Dakers

ref="http://www.cityam.com/company/lloyds-banking-group">LLOYDS Banking Group’s chief risk officer Carol Sergeant is set to leave the bank after almost seven years.

Sergeant, who joined the bank from the Financial Services Authority in 2003, said in a statement the move comes at “the right time for me to seek new challenges”.

She might seek a role at the top of one of the new bodies created from the break-up of the FSA, it was reported last night.

“She has established an outstanding risk leadership team and has implemented industry-leading risk-management standards and practices,” Chief executive officer Eric Daniels said in a statement.

Her departure comes a week after the bank announced that Santander UK boss Antonio Horta-Osorio was moving to Lloyds to become its chief executive.

The bank said in a statement it will now look for Sergeant’s replacement.