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Lloyds Banking Group names Charlie Nunn as chief executive

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HSBC banker will take over from António Horta-Osório within the next year

Lloyds Banking Group has hired the HSBC banker Charlie Nunn as its new chief executive, replacing long-time boss António Horta-Osório, who will leave after a decade at the helm.

Nunn, 49, will join Lloyds within the next year after a nine-year career at its high-street rival HSBC, where he was recently appointed global head of personal banking and wealth management.

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