Lloyds TSB has appointed Mark Fisher, executive director at Royal Bank of Scotland Group (RBS) and chief executive of ABN Amro, as its director of group IT and operations.
Fisher has been responsible for overseeing the integration of the ABN Amro business into RBS as part of his secondment as chief executive of the Dutch bank.
Fisher will take up the Lloyds TSB position in 2009 and will become a member of the Lloyds group executive committee when he joins next year. He is expected to handle an ambitious integration with Halifax Bank of Scotland (HBOS).
The announcement came on the back of news that tens of thousands of jobs could be axed following the Lloyds announcement that it is looking to achieve cost savings of over £1.5 billion by 2011 from its merger with HBOS.
Neither bank has issued a figure on expected redudnancies. The combined headcount from both banks is 140,000 employees. Media reports predict as much as 40,000 jobs could be axed.
Lloyds TSB Group Union has called on the management to safeguard UK jobs by reducing its use of offshore staff.
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Formerly responsible for the manufacturing division at RBS since 2000, Fisher managed a team of 25,000 people that included IT, property, purchasing and back office service functions.
Fisher also led the RBS integration of NatWest, a project that spanned 400 work streams, 22 billion records and 18 million customer accounts, including £158 billion in deposits.
"This appointment completes the strong leadership team that will drive our new group," said Lloyds TSB chief executive Eric Daniels.
"[Fisher] has a deep expertise in banking, and his proven track record in dealing with highly complex integration activity will be a great asset to the new Lloyds banking group."
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