Lloyds appoints Santander chief executive to replace Eric Daniels

Lloyds Banking Group has poached António Horta-Osório, chief executive of Santander UK, to replace the outgoing Eric Daniels, group chief executive.

Horta-Osario will join Lloyds in early 2011 and will take over as group chief executive on 1 March 2011.

He has been CEO of Santander UK since 2006 and led its expansion in the UK through strong organic growth and the integration of the activities of Abbey, Alliance & Leicester and the Bradford & Bingley savings business.