Top Lloyds banker Vim Maru tipped by industry insiders as next chief executive of Nationwide
Top Lloyds banker Vim Maru has been tipped by industry insiders as the next chief executive of Nationwide.
Banking sources said Maru – who runs the personal banking division at Lloyds – is a leading contender for the role after Joe Garner announced his resignation last month.
One source said Maru had a ’50-50′ chance of landing the job. Media reports have suggested the leading internal candidates are Sara Bennison, the building society’s chief product officer, and Paul Riseborough, who was previously at Metro Bank and now runs Nationwide’s ‘Hassle Free Money’ division.
Contender: Nationwide is the country’s second-largest mortgage lender with a market share of 13 per cent
Maru has been running Lloyds’ personal banking division for more than ten years, presiding over the largest mortgage book in UK banking.
Lloyds’ share of the mortgage market stands at almost 20 per cent.
Nationwide is the country’s second-largest mortgage lender with a market share of 13 per cent.
Maru joined Lloyds after a 12-year stint at Santander as director of its retail banking products.
Analysts had said Maru was one of the leading internal candidates for the chief executive role at Lloyds. But the job went to HSBC’s Charlie Nunn.
Nationwide’s chairman David Roberts has also announced he that is leaving the building society.
Nationwide declined to comment.