May 2, 2017 / 7:07 AM / 5 months ago

Lloyds names James Lupton as chair of non ring-fenced bank

LONDON (Reuters) - Lloyds Banking Group (LLOY.L) said on Tuesday that James Lupton, chairman of investment bank Greenhill’s European arm, will be joining its board.

Lupton, who is a member of Britain’s upper parliamentary chamber the House of Lords, is also named as chairman designate of the group’s non-ring-fenced bank - a unit being established as part of industry reforms to separate lenders’ retail divisions from other parts of their businesses.

He will take up his role from June 1 and also join the bank’s risk and audit committees.

Reporting by Rachel Armstrong

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