Lloyds Banking Group has appointed Nick Prettejohn as new independent non-executive director and chairman of Scottish Widows Group, with effect from 23 June 2014.
Prettejohn will also serve as a member of the firm’s audit and risk committees.
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Most recently, Prettejohn served as non-executive director of the Prudential Regulation Authority.
Previously, he served as chairman of Brit Insurance and from 2010 to 2013 a non-executive director of Legal and General.
Lord Blackwell, chairman of Lloyds Banking Group, said: "Prettejohn has significant financial services experience, particularly in insurance where he has served as CEO of Lloyd’s of London and Prudential UK and Europe as well as chairman of Brit Insurance.
"He will be a valuable addition to the Group Board and is ideally suited to carrying on the role of chairman of Scottish Widows. His appointment will allow me to step down as chairman of Scottish Widows on 23 June 2014 to concentrate on my role as chairman of the Group."
