Investment Banking

Lloyds names Morgan Stanley banker Chalmers as CFO

The UK banking group paid £4.4m to buy co-head of financial institutions banking group out of his contract

Lloyds names Morgan Stanley banker Chalmers as CFO
Photo: Photography: Ben Philips

Lloyds Banking Group has paid £4.4m to lure the co-head of Morgan Stanley’s financial institutions banking group to become its next chief financial officer.

William Chalmers will succeed George Culmer as Lloyds’ CFO in June, according to a statement.

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