Lloyds Banking Group: runners and riders for the new chief executive
Graham Beale, chief executive of Nationwide, is joint favourite to succeed Eric Daniels at Lloyds. BGC Partners is offering odds of 3/1. BGC's David Buik says the appointment is 'highly political' with the taxpayer owning 40.6% of Lloyds, and Beale, as a 'boring banker' is likely to appeal to George Osborne and Vince CablePhotograph: Kirsty Wigglesworth/APDouglas Flint, the finance director of HSBC, is joint favourite to succeed Eric Daniels at Lloyds. BGC Partners is offering odds of 3/1. BGC's David Buik describes him as 'a good man going nowhere' at HSBC Photograph: Leon Neal/AFP/Getty ImagesStuart Gulliver, HSBC's investment banking chief, could be in line for the top job at HSBC if Michael Geoghegan moves to be chairman. If not, then a move to Lloyds is possible. BGC is offering 4/1Photograph: Claro Cortes/Reuters
Frits Seegers is the former global retail and commercial banking boss at Barclays. If he got the top job at Lloyds, it would save Barclays the £160,000 a month the bank is still paying him. BGC is offering odds of 7/2 Photograph: Antonio OlmosGordon Nixon, chief executive of the Royal Bank of Canada, has been given odds of 4/1 by BGC Partners to succeed Eric Daniels as chief executive of Lloyds. BGC's Buik says candidates from Canada and Australia (see later), 'shouldn't be ruled out… these banks have kept clean balance sheets'Photograph: Mark Blinch/ReutersGail Kelly, chief executive of Australian bank Westpac, has odds of 11/2 to succeed Eric Daniels at LloydsPhotograph: Daniel Munoz/ReutersCameron Clyne, chief executive of National Australia Bank, has odds of 6/1 to succeed Eric Daniels at Lloyds Photograph: Luis Enrique Ascui/Bloomberg via Getty ImagesPossible internal candidates include Helen Weir, head of retail banking at Lloyds. BGC's David Buik thinks an internal candidate is unlikely but she has the best chance at 8/1Photograph: Graeme RobertsonMervyn Davies, the former trade minister who has also been chief executive and chairman of Standard Chartered, had been linked to the Lloyds job back in May even before Eric Daniels' departure was announcedPhotograph: Kin Cheung/APStandard Chartered finance director Richard Meddings is a possible candidate to replace Eric Daniels at LloydsPhotograph: Neilson Barnard/Getty ImagesMark Fisher, Lloyds' head of operations, is another internal candidate to replace Eric Daniels. His time as lieutenant to disgraced RBS chief Sir Fred Goodwin could be held against himPhotograph: Ricky Wong/Bloomberg via Getty ImagesPaul Thurston, head of HSBC's UK operations, is another candidate from the bank who could be in line for the top job at Lloyds, depending on how HSBC's own reshuffle works out. BGC is offering odds of 12/1 of him landing the Lloyds jobPhotograph: Ted Aljibe/AFP/Getty ImagesGary Hoffman, chief executive of Northern Rock, has been seen as a safe pair of hands at the taxpayer-owned bank. Could a move to Lloyds be next? BGC is offering 20/1Photograph: Suzanne Plunkett/REUTERSAndy Haste, chief executive of the insurer RSA, is another external candidate to replace Eric Daniels at LloydsPhotograph: Pa/PA
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.