[BENGALURU] Lloyds Banking Group chief executive officer Antonio Horta-Osorio will step down next year after spending a decade at the helm, the state-backed lender said on Monday as it appointed industry veteran Robin Budenberg as its new chairman.

Mr Horta-Osorio, who has been in charge of Lloyds for almost a decade, said he would step down by June of next year and was leaving with "mixed emotions".

REUTERS