Board Appointment and Regulatory Framework
Lloyds Banking Group plc has announced board changes following updated ring-fencing governance arrangements allowed by the Prudential Regulation Authority (PRA). A PRA Direction dated 8 May 2026 permits board members of Lloyds Bank plc and Bank of Scotland plc to serve simultaneously on the board of Lloyds Banking Group plc.
Nigel Hinshelwood's Committee Roles
Nigel Hinshelwood will join the group's board as an independent non-executive director on 1 November 2026. On the same date, he will be appointed to the group's audit, board risk, nomination and governance, and remuneration committees. Mr Hinshelwood has served as Senior Independent Director of the ring-fenced banks since 1 January 2019, attending group board and committee meetings as an observer.
Upcoming Director Departures
Lloyds also confirmed that two other non-executive directors of the ring-fenced banks, Sarah Bentley and Brendan Gilligan, will step down from their directorships on 28 February 2027 after over eight years of service. Sir Robin Budenberg, Chair of Lloyds Banking Group, thanked both outgoing directors for their long-standing service.