Lloyds Banking Group to Appoint David Gledill as Chief Operating Officer, Effective Aug 2021 after Regulatory Approval

Lloyds Banking Group plc (LON: LLOY), a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009 and one of the UK’s largest financial services organizations, with 30 million customers and 65,000 employees, has confirmed that David Gledhill will be joining the Group.

Gledill’s appointment is subject to customary regulatory approval. He’ll be serving as Group Chief Operating Officer, starting from August 2021.

William Chalmers, Interim Group Chief Executive stated:

“I am pleased to announce that our previously announced search for a new Group Chief Operating Officer (COO) has now concluded successfully and I am delighted that Dave Gledhill will join us as COO later this year. The role of Group COO is critical to building and running a robust technology environment, preserving our operational resilience and delivering on our customer led transformation objectives. Dave is a proven leader in our industry and it is very exciting to secure him and his wealth of experience. I also want to take this opportunity to thank David Oldfield for overseeing the COO role on an interim basis, in addition to his existing responsibilities, over the last few months and until Dave arrives.”

Gledhill will be joining the Group having returned to the United Kingdom after spending over a decade with DBS Bank in Singapore. Throughout his tenure with DBS, Gledhill has served on the institution’s Executive Committee as Group Chief Information Officer and Head of Technology & Operations.

During this time, DBS managed to win several industry awards, with the most recent one being  Euromoney’s ‘World’s Best Bank’ in 2019 and ‘World’s Best Digital Bank’ in 2018.

Prior to his role at DBS, Gledhill spent two decades working with JP Morgan Chase in several key operational roles across Asia. Gledhill will join Lloyds’ Group Executive Committee (GEC) and will be reporting directly to the Group Chief Executive. David Oldfield will continue working as Group Director, Commercial Banking, the announcement confirmed.

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