Britain's Lloyds Taps ING's Technology Head As COO

Ron van Kemenade, currently chief technology officer of ING Group, N.V. ING, will step down from the Management Board Banking effective April 30, 2023.
In June 2023, he will join Lloyds Banking Group PLC LYG as Group Chief Operating Officer, subject to regulatory approval.
Van Kemenade will help Lloyds CEO Charlie Nunn in his plan to digitize Britain’s biggest domestic bank, Reuters reported.
Van Kemenade will succeed interim COO David Oldfield, who will leave the bank in 2023.
ING said the process of identifying a successor for Ron van Kemenade has started.
Price Action: LYG shares are trading lower by 0.88% at $2.24 in premarket on the last check Thursday.