Lloyds Banking Group unveils Board changes

Maria Nikolova

Simon Henry plans to retire as a Director of the Group at the end of September 2020.


Lloyds Banking Group PLC (LON:LLOY) today announced changes affecting its Board of Directors.

Simon Henry, a Non-Executive Director of Lloyds Banking Group since June 2014, has informed the Board of his intention to retire as a Director of the Group on September 30, 2020 in order to allow him more time to pursue his other business commitments.

Sarah Legg
Sarah Legg

Following Mr Henry’s retirement, Sarah Legg, a Non-Executive Director of the Group and member of the Group Board’s Audit Committee since December 2019, will succeed Simon as Chair of the Audit Committee with effect from October 1, 2020.

Sarah Legg joined Lloyds’ Board in December 2019. She has spent her entire career in financial services with HSBC in finance leadership roles. She was Group Financial Controller of HSBC until early 2019 and previously Chief Financial Officer for HSBC’s Asia Pacific region.

Ms Legg has vast Audit and Risk experience having, for the past three years, attended the Audit and Risk Committees of HSBC Holdings Plc, as well as serving on many other Board, Audit and Risk Committees of the HSBC Group.

She has a BA and MA in Natural Sciences from King’s College, University of Cambridge and an MSc in Science Policy Research from the University of Sussex. Sarah is a Fellow of the Chartered Institute of Management Accountants (CIMA) and a Fellow of the Association of Corporate Treasurers (ACT).

Catherine Woods, a Non-Executive Director since March 2020, has also been appointed to join the Audit Committee with immediate effect.

Read this next

Institutional FX

Finalto expands NDFs line-up with Taiwanese dollar

Finalto announced today that it has expanded its non-deliverable forwards (NDFs) offering with the addition of Taiwan’s dollar to its trading platform.


It’s time for FX to Harness Crypto’s Potential

Jonathan Cumberlidge, FX Sales Director for BVNK, makes the case for cryptocurrencies in improving the efficiency and flexibility of foreign exchange trading.

Digital Assets

Owner of OptionMint, OptionKing, and OptionQueen gets 30 months in prison

A US federal judge has sentenced Ohio resident Jared Davis, who was found guilty for his participation in a multi-million fraud scheme carried out by Israeli-run binary options websites.

Executive Moves

iS Prime co-founders Raj Sitlani and Jonathan Brewer leave, but “business as usual”

“For our clients and teams at iS Prime, iS Risk and iS Prime Hong Kong, it is business as usual. We will be increasing our investment in our technology and staff, putting our clients first as we drive the business forwards to maintain our market leadership position.”

Digital Assets

Germany-focused DekaBank taps METACO for digital asset custody offering

“Digital assets are a critical part of the future, a radical new way for how assets will be represented, from currencies to real estate.”


Eventus launches AML solution for TradFi and digital asset space

“Firms operating in traditional financial markets and digital assets alike are facing greater challenges than ever to protect themselves from those presenting a risk to their businesses and reputations, along with their standing with government regulators.”

Industry News

Qomply launches direct-to-FCA trade report solution that bypasses ARM

“Certainly, for back-reporting large volumes of data, QomplyDirect removes extra ARM fees by offering the flexibility of sending reports directly to the FCA via a firm’s own infrastructure.”

Executive Moves

BNP Paribas AM appoints Geoff Dailey as Deputy Head of US Equities

“Geoff has more than 20 years’ experience in the industry and as a key, senior member of the team with a strong investment pedigree and leadership profile, he is the natural successor for Pam.”

Retail FX

BUX joins forces with BlackRock for iShares ETFs offering in 7 European countries

“By joining forces with Blackrock, a renowned expert in financial markets and products, we have created a good solution for clients that are overwhelmed by the choice of products and don’t know how and when to start investing. Together, BUX and BlackRock can make a real impact on how Europeans invest and approach their financial future.”