Lloyds has shaken up its management structure, helping take pressure off its chief executive, who recently had two months off work due to fatigue.
Alison Brittain becomes group director for retail banking, while Antonio Lorenzo is to run the asset finance division along with the group strategy and international and wealth management arms.
Wholesale banking chief Truett Tate, a key stalwart of former chief executive Eric Daniels, will retire from the group, continuing a shake-out of the previous management team since Horta-Osorio took over last year.
Horta-Osorio, poached from rival Santander UK, in turn brought over key former Santander allies, such as Brittain and Lorenzo.
"The move is not a surprise. They are looking to reduce the pressure on the CEO," Shore Capital
