Lloyds Banking Group appoints new executive director

Lloyds Banking Group has announced the appointment of Juan Colombas as executive director. Colombas will take up the position 29 November 2013.

Chairman, Sir Winfried Bischoff, commenting on today's announcement said:

We are delighted to welcomeJuan to the Board. Juan has significant banking and risk management experience. He has served as the Group's Chief Risk Officer and a member of the Group Executive Committee since January 2011. Juan is a valuable addition to the Board and we look forward to working with him.

Colombas whose career in banking spans 25 years, was appointed as the group’s chief risk officer in January 2011 and as member of the Group Executive Committee, and was responsible for the bank's risk management.