Business

Vim Maru tipped as next chief executive of Nationwide

Lloyds banker Vim Maru is main contender for function as next chief executive of Nationwide, insiders say










Top Lloyds banker Vim Maru has been tipped by business insiders as the next chief executive of Nationwide. 

Banking sources stated Maru – who runs the personal banking division at Lloyds – is a number one contender for the function after Joe Garner introduced his resignation final month. 

One supply stated Maru had a ’50-50′ likelihood of touchdown the job. 

Media experiences have urged the main inner candidates are Sara Bennison, the constructing society’s chief product officer, and Paul Riseborough, who was beforehand at Metro Bank and now runs Nationwide’s ‘Hassle Free Money’ division. 

Nationwide is the nation’s second-largest mortgage lender with a market share of 13%

Maru has been working Lloyds’ personal banking division for greater than ten years, presiding over the most important mortgage e book in UK banking.

Lloyds’ share of the mortgage market stands at nearly 20 per cent. 

Nationwide is the nation’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 merchandise. 

Analysts had stated Maru was one of the main inner candidates for the chief executive function at Lloyds. But the job went to HSBC’s Charlie Nunn. 

Nationwide’s chairman David Roberts has additionally introduced he that’s leaving the constructing society. 

Nationwide declined to remark.

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