Scottish Widows CEO Strauss exits

Toby Strauss, the chief executive of Scottish Widows, is to exit the group after four years.

Lloyds Banking Group, the provider's parent company, has appointed Antonio Lorenzo as interim group director of its insurance division and chief executive of Scottish Widows. Lorenzo will remain as the group executive committee member accountable for the consumer finance division and group corporate development, as well as leading insurance on an interim basis, the group said. It added the group strategy remains to further integrate the insurance business within the wider banking group, building on the synergies between insurance and the retail, consumer finance and commercial divisio...