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Dan Watkins resigns as managing director of mortgages at Lloyds

Dan Watkins has today resigned as managing director of mortgages at Lloyds Banking Group.

Watkins was appointed to the post of managing director of residential mortgages after the merger between HBOS and Lloyds TSB was completed in December 2008.

He was previously chief executive of retail products at HBOS and had been part of the group since he joined BM Solutions in 1993.

In addition, Jo Dawson, who replaced the infamous whistle-blower Paul Moore as group risk director at HBOS, has also resigned from her position as director of the wealth and international division at Lloyds.

Mike Kula, previously head of retail operations at Lloyds, will take over Watkins’ position for the time being as interim head of mortgages at Lloyds.

One source told Mortgage Strategy: “Both members were previously members of HBOS’ main board and the timing of both departures cannot be coincidental.”

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  • Finlay Anderson 6th February 2010 at 12:24 pm

    After making many people redundant within mortgages in LBG Im sure they will wish Dan all the best !

  • Leeds bloke 6th February 2010 at 7:20 am

    No surprise. Santander announce 50% mortgage share. The integration is going disasterously, particularly IT where Lloyds creaking systems are being used and HBOS customers are going to lose functionality.

    They are certainly getting out before it falls apart. The only way foward is to split this bank again after removing toxic assets.

  • Ivor Thingtosay 6th February 2010 at 1:48 am

    How does that leave Stockton then?

  • Godfrey Allchin 5th February 2010 at 6:39 pm

    What on earth is going on with Lloyds , surely they know who can do the job,maybe he made the incorrect decision to bar The Money Centre and perhaps his successor will now decide to reverse the decision.

  • Jamie P 5th February 2010 at 5:09 pm

    Well, well what a surprise…or not as the case may be. Probably leaving a sinking ship very quickly. I am certainly going to watch this space

  • Jamie P 5th February 2010 at 5:09 pm

    Well, well what a surprise…or not as the case may be. Probably leaving a sinking ship very quickly. I am certainly going to watch this space