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Lloyds 'love rat' in City 'top 30' poll

lloydsPortugal’s ‘Negócios’ has published an article on António Horta Osório, the Chief Executive of Lloyds Bank, referring to his place on the Financial Times ‘Top 30 most influential figures of the City of London.’

The news item failed to note Horta Osório’s affair that by his own admission affected the company’s image.

The best he could managed by way of an apology was that he regretted the adverse publicity and damage caused by the media coverage of his affair with Wendy Piatt on a business trip to Singapore.

Horta Osório, married with three children and got the job largely due to the ‘family values’ image he presented.

The heady post-Brexit world of finance in London will be steered by this list of hedgies and bankers, according to the FT.

The 30 personalities chosen by the FT, "will shape the future" of the London financial market in the post European Union.

António Horta Osório is one of five bankers set on the list and is credited with reviving Lloyds after its taxpayer bailout.

The other four bankers are Argentine Daniel Pinto, head of JP Morgan Europe, Simon Robey, co-founder of financial advice company Robey Warshaw, Alison Rose, CEO of Royal Bank of Scotland, and Michel Sherwood, Co- CEO of the Great Vampire Squid - Goldman Sachs International for which Portugal’s José Manuel Barroso now toils on €400,000 a month plus a set of keys to the executive toilet.

Horta Osório was in 11th position on this list of power-brokers - his citation read as follows:

"As CEO of Santander’s UK arm, the smooth Portuguese banker was once regarded as a son by his then boss, the late Santander Group chairman Emilio Botín. And so it was seen as the ultimate defection in 2011 when he took the top job at Lloyds, the UK’s largest mortgage lender. Horta-Osório is credited with reviving Lloyds after the financial crisis, although he underestimated the bank’s historic provisions for mis-selling payment protection insurance."

Not a word about ‘recent scandal’ or ‘family values.’ Short memories at the FT…

Would you want someone who cheats on his wife to be in charge of your bank account?

http://images-cdn.impresa.pt/caras/2011-05-13-antonio-e-ana-horta-osorio?v=w340h227

Mr and Mrs Horta Osorio, in happier times....

 

 

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Comments  

+1 #6 GTR 2016-09-07 08:43
Quoting Michael, Carvoeiro:
You think he got the job "largely" due to the "family values" image he presented? So banking skills were secondary in choosing him? Rubbish. This is pathetic, lazy, sensationalist, cheap journalism. You should be ashamed.

This is not a well-balanced opinion from Carvoeiro - do I detect vin rouge at play? Ed's comments are entirely valid. Just because the Lloyds chief looks well scrubbed and presentable does not mean he is not as bigger shit at Ricardo Salgado at BES and all those other bankers who have let their customers down with disastrous results. If you lie to your wife, there is little holding you back from lying to your board of directors. Bankers generally are self-interested and should anyway be treated with suspicion. Horta Osorio should have resigned, or at least offered his resignation to the board, bu instead issued a 'sorry about the bad publicity' email to staff. This was not the action of a gentleman - Lloyds customers, myself included, expect more, whatever his banking credentials.
-1 #5 SallyP 2016-09-05 21:51
I agree with Ed. This love rat should have said sorry, not 'sorry for the newspapers writing bad things about me'. To have a known cheat running a major British banking institution simply is not acceptable - how the board can keep him in is a mystery
0 #4 Ed 2016-09-05 21:49
Quoting Michael, Carvoeiro:
You think he got the job "largely" due to the "family values" image he presented? So banking skills were secondary in choosing him? Rubbish. This is pathetic, lazy, sensationalist, cheap journalism. You should be ashamed.

Not ashamed at all Michael, nor it seems is Horta Osorio. Clearly he has has a stellar career in banking, nobody is doubting his banking credentials but the directors at the time of his appointment set great store by their appointee's 'family man' appeal and this is what gave him the edge in the selection process. To let down his board so publicly was, in my opinion, a big mistake and he should have resigned.
-1 #3 JNT 2016-09-05 21:42
Quoting Michael, Carvoeiro:
You think he got the job "largely" due to the "family values" image he presented? So banking skills were secondary in choosing him? Rubbish. This is pathetic, lazy, sensationalist, cheap journalism. You should be ashamed.

All Osorio could muster was a mild apology to staff for the adverse publicity. What a snake. I agree with Ed, If Horta Osorio can not be trusted with his zipper, what makes you think he can be trusted with running a bank full of other people's money. The board, by condoning his behaviour, is shown to be weak. This is not cheap journalism at all. It's about time someone stood up and called this man a shit, because that is how he has treated his family.
-1 #2 TedP 2016-09-05 21:33
Quoting Michael, Carvoeiro:
You think he got the job "largely" due to the "family values" image he presented? So banking skills were secondary in choosing him? Rubbish. This is pathetic, lazy, sensationalist, cheap journalism. You should be ashamed.
Obviously banking skills were important but in an even field, Osorio, by the Chairman's admission, nudged ahead in the selection process due to the sort of family values he expounded.
Ed's point is a well made one - can you trust a man who cheats on his wife? As for 'pathetic, lazy, sensationalist, cheap journalism' you are entitled to your own opinion but it is one with which I cannot agree.
0 #1 Michael, Carvoeiro 2016-09-05 17:49
You think he got the job "largely" due to the "family values" image he presented? So banking skills were secondary in choosing him? Rubbish. This is pathetic, lazy, sensationalist, cheap journalism. You should be ashamed.

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