Today I start as Chief Executive of Lloyds Banking Group.
It’s a role I feel privileged to step into – and having had a few months to reflect and prepare, I’m really looking forward to getting started.
Lloyds Banking Group is an organisation I’ve observed and admired from a distance for many years – both as an executive at HSBC and as a consultant in the industry. Its footprint in every community, brilliant people, rich heritage and clear purpose made the decision to join a ‘no-brainer’.
The last in that list was particularly important. Purpose is everything to an organisation: it sets the tempo to which the whole place ticks; gives a reason to turn up to work; directs a business by reminding it of its place in society.
So as I’ve watched Lloyds from the outside, I’ve been impressed by a company with a really clear purpose. ‘Helping Britain Prosper’ – and in the context of the coronavirus pandemic, Helping Britain Recover – says everything you need to know about what we’re trying to achieve.
We’re focusing on the real economy of the UK, the parts people and companies interact with every day.
We’re helping people, businesses and communities across the country to grow.
We’re playing our part in tackling the social and economic issues facing society as a whole.
Not all organisations have as clear a focus as that – but by seeking to be a healthy business in a thriving economy, we ensure that as we become more profitable, so too do those around us.
It’s absolutely the right thing to be focusing on, and I’m really supportive of that direction.