Lloyds Banking Group Appoints Two New Non-Executive Directors

By Ian Walker

LONDON--Lloyds Banking Group PLC (LLOY.LN) said Friday it has appointed Deborah McWhinney and Stuart Sinclair as independent non-executive directors of the group.

Ms. McWhinney, a former Citibank executive, will join the board Dec. 1 and will serve as a member of the group's audit and risk committees, the bank said. She was previously chief executive officer, global enterprise payments and president, personal banking and wealth management at Citibank.

Mr. Sinclair will join the board Jan. 4, and will serve as a member of the group's remuneration and risk committees, the 9.89% U.K.-government-owned bank said. Mr. Sinclair has been a non-executive director of TSB Banking Group and TSB Bank from where he is stepping down with immediate effect.

"These two appointments will help ensure the board is well placed to address future technology and market risks across the full range of business areas in which we operate," said Lloyds Chairman Lord Blackwell.

In addition to the appointments, Lloyds said Dyfrig John, an independent non-executive director, won't seek re-election at the 2016 annual general meeting as he wishes to reduce his workload.

Write to Ian Walker at [e-mail]; @IanWalk40289749

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(END) Dow Jones Newswires

November 27, 2015 07:36 ET (12:36 GMT)

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