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Bischoff tipped to chair Lloyds Group

British banker Sir Win Bischoff is tipped to take over as the next chairman of Lloyds Banking Group, according to press reports.

The Financial Times says the former chairman of Citigroup has been asked by UK Financial Investments to take the job and help the group integrate HBOS, which Lloyds bailed out last autumn.

Bischoff left Citigroup in February and he had been expected to take over as chairman of UKFI. However the FT says he has now been asked to consider the Lloyds position.

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Hopefully, by the time you read this, the top-line analyses of the RDR will have worn away and we can look forward to some serious engagement with the detail in the paper.

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On last week’s RDR consultation paper publication

It is very heartening to see the FSA tackling at last the menu of industry failings, in particular, the comm-ission issue, which has been the intermediaries’ Achilles heel for so long.

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