It has been quite the flurry of trading places.
On Monday, Lloyds Banking Group announced that its next chief executive will be Charlie Nunn, head of wealth and personal banking at HSBC. Nunn will join as soon as his present employer agrees a suitable notice period for the leader of its biggest division, responsible for 43% of group revenues.
Just 24 hours later, showing perhaps how keen he was to move on, the present chief executive of Lloyds, António Horta-Osório, became chairman designate at Credit Suisse.
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