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Lloyds Banking Group's new CEO shakes up retail

Lloyds Banking Group's new CEO shakes up retail

The new chief executive of Lloyds Banking Group has moved swiftly to shake up the organization.
Antonio Horta-Osorio, who took over as head of the part-nationalized bank on March 1, on Wednesday announced the departure of two members of the board of directors and a restructuring of the retail banking division.
Archie Kane, executive director for insurance and Scotland, is retiring, and retail director Helen Weir is leaving the company. Both are stepping down from the board.