Lloyds Finance Director To Quit

Lloyds Banking Group’s finance director Tim Tookey will step down from his current position.

Lloyds Banking Group’s finance director Tim Tookey will step down from his current position, Financial Times reports. He will leave the partly state-owned U.K. bank to join the U.K. life assurance company Friends Life as CFO. Tookey joined Lloyds in February as CEO from Santander U.K. Lloyds will soon begin the external search for his replacement. Tookey is likely to remain in his job until the end of February.

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