Integration expert Fisher to swap Lloyds for TSB

Lloyds Banking Group’s director of operations, Mark Fisher, is leaving the bank after five years overseeing its integration of HBOS, the separation of more than 600 branches and a major cost-cutting programme.

Mark Fisher: Involved from start in the creation of TSB

Fisher will become a non-
executive director of TSB, the bank with 631 branches that has been spun out from Lloyds and is due to list on the London Stock Market in June. TSB boss Paul Pester said: “Mark has been part of the creation of TSB from day one and was instrumental in helping my team and me build the bank.”

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Fisher was poached by Lloyds in March 2009 from Royal Bank of Scotland, where his roles included handling the integration of NatWest in 2000. Fisher will leave Lloyds on 31 May, to be succeeded by his deputy David Oldfield.