Lloyds Names HSBC’s Nunn as CEO to Replace Horta-Osorio
- Charlie Nunn is HSBC’s head of wealth and personal banking
- Analysts expect Nunn to keep pushing in wealth, insurance
This article is for subscribers only.
Lloyds Banking Group Plc poached HSBC Holdings Plc’s Charlie Nunn to be its next chief executive, a choice that puts a wealth veteran at the helm of the British bank that’s making a bigger push into managing money for individuals.
Nunn, 49, has been appointed to replace Antonio Horta-Osorio, according to a company statement Monday. Nunn is currently HSBC’s chief executive of wealth and personal banking and is a former partner at McKinsey and Accenture.