Lloyds hires former HSBC man Boteju as new group chief data officer
Lloyds Banking Group has hired former HSBC exec Ranil Boteju as its new group chief data and analytics officer.
Ranil Boteju, Lloyds Banking Group
Boteju spent almost 10 years at HSBC before leaving in October as its global head of data and analytics.
Prior to that he also spent time at Standard Chartered, Commonwealth Bank of Australian, and Vodafone New Zealand.
In a post on social media, Boteju says he is “super motivated” by Lloyds’ “mission” of “helping Britain recover”.
He also cites “access to an incredibly rich data asset and dynamic senior leadership” as major factors behind his decision to join the bank.
Lloyds announced its intention to close 44 branches across the UK in June, ostensibly a result of customers moving to digital platforms.
Branches from Lloyds and its subsidiary Halifax are included in the figure. The bank says that its selection process picked out city branches with a secondary location nearby.
Branches in Cardiff, Leeds, Brighton, London, and Manchester are included.
Lloyds has spent a total of £4 billion on technology investments under its ongoing three-year digital transformation programme.
Called “GSR3”, the project ended in December 2020 following a year which saw Lloyds’ profits dive from £4.39 billion to £1.2 billion, a 72% drop.
GSR3 is a successor to the group’s prior transformation scheme GSR2 and includes a 40% increased spend on digital technologies.
