Lloyds set to appoint Lord Blackwell as chairman: source

Lloyds Banking Group (LLOY.L) is on the verge of appointing Norman Blackwell, currently chairman of its Scottish Widows arm, as the company's new chairman, a person familiar with the matter said. Conservative peer Lord Blackwell is going through the bank's final approval processes and is set to replace outgoing chairman Win Bischoff as early next year, the source said. Lloyds declined to comment. Bischoff has said he plans to step down by next spring and Blackwell has been seen for some time as a leading candidate to succeed him.

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