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Industry: Email Alert RSS FeedJob cuts at HBOS hit finance chiefs.(proposed merger of Halifax and the Bank of Scotland)
Financial Management (Chartered Institude of Management Accountants), June, 2001 by Hayward, Cathy
Sir John Shaw and Roger Boyes will leave after Halifax merges with Bank of Scotland, writes Cathy Hayward
Two senior CIMA fellows are set to leave their jobs following the proposed 30 billion [pounds sterling] merger of Halifax and the Bank of Scotland. Roger Boyes, Halifax group finance director, and Sir John Shaw, the governor of the Bank of Scotland, will step down if the proposed merger is voted through by shareholders in a July EGM. The two groups will then merge formally in September this year to become HBOS.
Boyes, who is 57, will take early retirement and will be succeeded by his colleague Mike Ellis, a 50-year-old Cipfa fellow who is currently Halifax's chief operating officer. Boyes was chief executive of the Leeds Permanent Building...
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