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11 January 2013
LLOYDS BANKING GROUP BOARD UPDATE
JP Morgan Chase, Inc. has announced that Mr T. Timothy Ryan Jr will join its management team as Global Head of Regulatory Strategy and Policy.
As a consequence, Mr Ryan will retire from the Board of Lloyds Banking Group plc on 18th April, 2013.
Sir Winfried Bischoff, Chairman, said, "Tim has been on our Board for the last four years and his deep banking knowledge as well as his broad international banking industry expertise has been of great value to the Group at a time of considerable regulatory and industry change. His contribution will be much missed by us all and we wish him well in his new responsibilities."
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