Economy

Former Lloyds Banking Group plc group chief executive joins financial adviser StormHarbour

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Economy
Written by Zarina de Ruiter   
Thursday, 26 January 2012
Eric Daniels joins as principal and senior adviser with immediate effect.

Eric Daniels, the former group chief executive of Lloyds Banking Group plc (LON:LLOY), is joining StormHarbour as principal and senior adviser with immediate effect, the firm said yesterday.

After Lloyds purchased HBOS, Daniels worked for three years restructuring its balance sheet and also intensively managing its capital and liquidity.

He retired from Lloyds a year ago and has the highest profile yet of any of the professionals that have joined the independent boutique investment bank, which was formed early in 2009.

Antonio Cacorino, managing principal and one of the co-founders of StormHarbour, said: "Eric's extensive industry insight, distinguished track record, proven leadership qualities and broad network of relationships within and outside the financial services sector are invaluable."

In September, StormHarbour hired well-known FIG banker, Amir Hoveyda as a managing principal.
 
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