Top Lloyds role for Santander chief

Lloyds Banking Group named Santander’s UK boss, Antonio Horta-Osorio, as successor to outgoing chief executive Eric Daniels today.

Mr Horta-Osorio will join taxpayer-backed Lloyds early next year before taking on the top post on March 1, according to the group.

He has been UK chief executive at Spanish banking group Santander since August 2006, overseeing the group’s recent rapid expansion in the UK as it snapped up Bradford & Bingley’s savings business and Alliance & Leicester.