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MP questions Resolution director over HBOS role

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Pressure is mounting on Resolution director Phil Hodkinson over his role as HBOS finance director before the bank’s collapse.

Hodkinson is senior independent director at Resolution, which owns Friends Life, and previously worked as HBOS finance director between 2005 and 2006.

Earlier this month the parliamentary commission on banking standards produced a damning report slamming the “catastrophic failure” at HBOS, branding it a ”manual in bad banking”.

Treasury select committee member and Conservative MP Brooks Newmark told the Times: “Given his role at HBOS, I would question whether he is fit and proper to take a role in any financial services company. He was finance director at the very time they were accumulating the very worst of the toxic waste.”

Hodkinson has been at Resolution since 2009 and also quit the HMRC board in January when he was on the ethics committee and was paid £35,000.

Resolution was unavailable for comment at time of publication.

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There is one comment at the moment, we would love to hear your opinion too.

  1. If he lost his current job through this debacle there would be a position found for him in parliament by the social elite. (not employment minister its already taken)
    The merry-go round continues.

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