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Lloyd's TSB appoint new retail division director

Bosses at Lloyds TSB have announced that finance director Helen Weir is moving to head up the banks retail division. Helen Weir, 45, was offered the position after previous Lloyds TSB retail director Terri Dial, left the company to become chief executive of Citi Bank consumer banking division.

Industry insiders predict the move could be the ideal stepping stone for Weir who is thought to be the ideal candidate to succeed CEO Eric Daniels when he steps down.

Lloyds TSB retail banking includes personal bank accounts, lending, savings and mortgages and is one of the sectors most heavily affected by the current credit crunch.

When asked Helen Weirs appointment as head of UK retail banking Daniels made this statement "As group finance director she has an in-depth understanding of the retail bank and is the obvious and natural choice to lead the division through the next phase of its development."

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