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NatWest drafts in Lloyds TSB top gun for survival fight

National Westminster Bank is drafting in a Lloyds TSB boss to help in its fight agains hostile takeover bids by Bank of Scotland and Royal Bank of Scotland.


The bank is taking on Gordon Pell from Lloyd&#39s TSB to head-up its UK banking operations.


Pell, 49, had recently been given responsibility as group executive director of retail at Lloyd&#39s TSB, having also run its retail bank.


Natwest is hoping the new appointment will further boost the new senior management team headed up by chairman Sir David Rowland and chief operating officer Ron Sandler and strengthen its fending off the bid.


Pell says: “I have huge respect for the Scottish banks because I have seen a lot of them as competitors, but at the end of the day they are guerrilla fighters. At Natwest we are talking about massed battalions.”



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