Tuesday 24 April 2018

Lloyds inches toward meeting self-imposed gender target

Lloyds Banking Group has hired a female KPMG partner to head its audit operations as the state-backed group attempts to increase the number of senior female executives, Sky News reported.

The news service said that Lloyds issued an internal announcement on Wednesday that named Mary Hall as the lender's new group audit director, one of its most senior positions.

This move is the latest step toward the bank's self-imposed gender target for senior managers as Lloyds aims to have women in 40 percent of its top 8,000 posts by 2020 compared with 28 percent now.

Hall, who will become the second-most senior woman at the British bank, would report to Nick Luff, the departing finance director of Centrica who chairs Lloyds' audit committee, Sky said.

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