Lloyds Banking Group, in which controlling interest is owned by the UK government, said Nathan Bostock, who, as planned, was to lead the unit inter-bank transactions at the beginning of next year, withdrew from the post without explanation. The contract was signed with him in July of this year, but as a result he changed his mind and decided to stay at RBS. After that Lloyds Banking Group shares fell 6.75%.
His nomination to head the unit offered to personally CEO of Lloyds Banking Group, Antonio Horta Osorio,. (At one time they worked together in the British bank Abbey, owned by the Spanish Santander.) However, in mid-November, Antonio Horta Osorio, temporarily withdrew, citing "extreme fatigue, overload at work."
When it became aware of the decision to stay in Nathan Bostock RBS, investors concluded that Antonio Horta Osorio, unlikely to return to company management. As explained by an unnamed investor, is quoted by The Times, Nathan Bostock has "worked with Antonio in the Abbey. He came to Lloyds, to work with him. But now he thinks that Antonio will not be in the bank next year. " Ambiguity with managerial personnel caused serious problems facing the bank, according to investors.
Investors demanded that Lloyds Banking Group to provide more information about the health of the CEO. However, the bank has only strengthened their doubts - Chairman of the Board of Directors Uinfrid Bishop promised that David Roberts, an independent member of the Board of Directors, will serve as Antonio Horta Osorio, and take his position, if Antonio Horta Osorio, will not return by the end of the year. According to The Times, he is recovering and has approved the appointment of David Roberts as his successor.
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