Lloyds TSB Group

Lloyds TSB Group was renamed Lloyds Banking Group following the acquisition of HBOS in January 2009, making it the largest retail bank in the UK.'

History

Lloyds TSB was the result of a merger between TSB Group and Lloyds Bank Group, one of the oldest banks in the UK and the first in Birmingham. Taylor's and Lloyds was founded in 1765 in Dale End, Birmingham by buttonmaker John Taylor and iron producer and dealer Sampson Lloyd III. Through a series of mergers Lloyds emerged to become one of the Big Four banks in the UK. It also acquired overseas businesses, particularly in Brazil and New Zealand. It also owned a life assurance company Lloyds Abbey Life. In 1994 it acquired the Cheltenham and Gloucester Building Society, giving it a large stake in the UK mortgage lending market. In 1995 it merged with Trustee Savings Bank (TSB) to form Lloyds TSB.

People

Lloyds Bank Plc

Early 90s board of directors:

• Sir Jeremy Morse: ICI
• Peter C. Nicholson: Crest Nicholson Plc, Bremhill Industries Plc, Camper & Nicholsons Marinas Ltd, Carisbrooke Shipping Plc, Hamble Green Management LTD, Mere securities Ltd, South East Waterside Property One LTD, South West Property One LTD
• Brian Ivor Pitman: Lloyds First Western, The National Bank of New Zealand, NBNZ Holdings
• Lord Charles Henry Plumb: Fisons Plc, Banbury Marts Ltd, Novalal Ltd
• Sir John Greenorough: Newarthill Plc
• Geoffrey Kent: Mansfield Brewry Plc, John Howitt Group
• Sir (John) Robin Ibbs: Lloyds Merchant Bank Holdings
• John M. Raisman: Candover Investments, Clarges Pharmaceutricals Trustees Ltd
• (Charles) Russell Smith: Heywood Williams Group Plc, Lloyds Abbey Life Plc / Merchant Bank Holdings
• Eric Swainson: AMEC Plc, Fairley Group
• Michael H.R. Thompson: The German Investment Trust, Lloyds Abbey Life / Stockbrokers / Merchant Bank Holdings, The National Bank of New Zealand, The White Ensign Association
• Sir (George) William Harding: First Spanish Investment Trust, Lloyds Merchant Bank Holdings, The Thai-Euro Fund
• Ian Prosser: Bass Plc, The Boots Co.
• David B. Pirrie: Alex Lawrie Factors / Recievables Financing, International Factors
• Sir Simon M. Horby: WHSmith Group, Association of Business Sponsorship of the Arts, Lloyds Abbey Life, Pearsons Plc, WHSmith Pension Trustees
• John T. Davies: Lloyds Associated Air Leasing, Lloyds Bank Property Co / Bowmaker Finance

Record and Controversies

Revolving Door

• Sir Philip Hampton, former CEO of UK Financial Investments Ltd, was Group Finance Director of Lloyds TSB from 2002 to 2004.
• U.K. Life Peer Alexander Leitch, Lord Leitch of Oakley, has been a Director of Lloyds TSB plc since 2005.
• Sir David Manning, former Ambassador to Washington from 2003 to 2007, was appointed a Non-executive Director at Lloyds TSB Group plc in May 2008.
• U.K. Hereditary Peer John Palmer, 4th Earl of Selborne, was Director of Lloyds Bank Plc 1994-95 and Lloyds TSB Group Plc from 1995 to 2004.

PR/Lobbying Firms

Current

• Ernst & Young

Former lobbying firms

• Four Communications

2008

• Ergo Communications/Global Consulting Group
• Freshwater UK

For subsequent years see Lloyds Banking Group

Contact

Website:

http://www.lloydstsb.com/lloyds_tsb_group_site.asp

This article is part of the Revolving Door project of Spinwatch.

Resources

• Financial Times, Freshwater UK Business Profile, accessed 04 April 2008.
• INSEAD, Meet Sir Philip Hampton MBA'81, Chairman, J. Sainsbury plc & Chairman, The Royal Bank of Scotland, March 2009, accessed 01 February 2011.
• Lloyds TSB, Group Information > Directors, accessed 26 March 2009.
• Who's Who 2009, LEITCH, online edition, Oxford University Press, accessed 24 March 2009.