RBS's Nathan Bostock to troubleshoot for Lloyds

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Nathan Bostock, who has overseen the sale of £125 billion of toxic and non-core assets since he arrived at RBS in 2009 as head of restructuring and risk, is moving to Lloyds to head up its wholesale banking division.

The move reunites him with Lloyds chief executive António Horta-Osório whom he served as finance director at Santander UK.

At Lloyds he will oversee not only the disposal of more than 600 branches but also the gradual wind down of its Irish and Australian businesses and the eventual sale of some of the disastrous investments made by Bank of Scotland's corporate banking division under Peter Cummings.