Lloyds mortgage and wealth heads to step down

5 February 2010 | By Lee Jones

Watkins, previously chief executive of retail products at HBOS, will be leaving the bank “to pursue other opportunities”. He took up the role at the beginning of 2009. In the interim, operations director of mortgages Mike Kula will act as head of mortgages.

Wealth and international director Jo Dawson has also “decided to pursue other opportunities outside the company” and will leave at the end of the month. Dawson was previously head of risk at HBOS and had replaced whistleblower Paul Moore. Wholesale group executive director Truett Tate will take on Dawson’s responsibilities.

The bank has also revealed a reshuffle in its new streamlined life, pensions and investment business of Scottish Widows, Clerical Medical and the general insurance arms of Halifax and Lloyds TSB. Lloyds managing director of General Insurance Phil Loney will become managing director of the new life, pensions and investments business.

Lloyds Banking Group is also creating a new role of managing director group operations, which will be taken up by former RBS Insurance chief operating officer Ed Smith.

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