Chief risk officer at Lloyds group to leave in January

Lloyds Banking Group has revealed that Carol Sergeant, its chief risk officer, has resigned.

Sergeant will leave at the end of January and there are rumours she will take up a role at one of the new regulatory bodies to be created in 2012. Lloyds group is searching for a replacement.

Eric Daniels, group chief executive of Lloyds group, says: “I am grateful to her for the contribution she has made to the group as a key member of its executive committee. We wish her every success for the future.”

Last week, Lloyds group also announced it will no longer be writing new business through its Black Horse personal finance division, which will result in 420 job losses.