Lloyds TSB has promoted Ian Larkin, managing director of consumer lending, to consumer banking managing director following the departure of Paul Pester last week.
Larkin will be responsible for the high street bank’s relationship with its 15 million retail banking customers. He will oversee transaction banking, savings and investments, internet banking and consumer lending for the group. He will report to Terri Dial, chief executive director of UK retail banking.
Prior to joining Lloyds TSB, Larkin was managing director of personal lending at HBOS and chief financial officer at Virgin Money Group.
Pester, the former chief executive of Virgin Money, is leaving the company to become chief executive of financial data provider Moneyfacts. He takes over later this summer from chief executive John Woods, who is being promoted to group chairman. Pester joined Lloyds TSB in August 2005.