A Looming Contest For Unenviable Bank CEO Jobs
Two U.K. lenders could get new leaders next year. Barclays and Lloyds have their problems, but the former offers any new CEO more opportunity.
The new CEO of Lloyds will inherit a bank that has already undergone repair.
Photographer: Hollie Adams/BloombergPlans for a change of leadership at two of Britain’s major banks could hardly be better timed. The economic shock of the pandemic, plus the uncertainty around Brexit, will probably demand a strategic reset at both Lloyds Banking Group Plc and Barclays Plc.
Lloyds, the U.K.’s biggest mortgage lender, this week said Chief Executive Officer Antonio Horta-Osorio will step down in 2021 once a successor is found. While Barclays says no search is underway, the lender could seek a replacement for CEO Jes Staley as soon as next year and recently reached out to potential candidates, Bloomberg News reported.