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Lloyds hires ING tech boss as operations head

LONDON (Reuters) - Britain's biggest domestic bank Lloyds (LON:LLOY) has hired ING's technology chief to run its operations, Lloyds said on Thursday. Ron van Kemenade will join...
Lloyds hires ING tech boss as operations head © Reuters. FILE PHOTO: General view of signage at a branch of Lloyds bank, in London, Britain October 31, 2021. REUTERS/Tom Nicholson
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LONDON (Reuters) - Britain's biggest domestic bank Lloyds (LON:LLOY) has hired ING's technology chief to run its operations, Lloyds said on Thursday.

Ron van Kemenade will join Lloyds as group chief operating officer in June next year, the British bank said.

Van Kemenade will be charged with helping Lloyds CEO Charlie Nunn deliver his strategy to digitise the bank and boost fee income in areas including wealth management.

Nunn - who joined Lloyds from HSBC last year - announced a shake-up of the lender's top team and internal structure in March this year to implement the plan.

Van Kemenade will take over from interim COO David Oldfield, who Lloyds has previously said plans to leave next year. The move is subject to regulatory approval.

ING said the process of identifying a successor to van Kemenade as chief technology officer had started.

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01-05-2024 10:45:17 (UTC+7)

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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