UK – HBOS plc, has appointed George Mitchell as governor of its Bank of Scotland unit and Sir Ron Garrick as deputy chairman of HBOS following the retirement of Sir Peter Burt.
In addition to his new role of governor, Mitchell will continue in his positions as chief executive of Bank of Scotland Corporate Banking, and treasurer and managing director of the Bank of Scotland.
Garrick, who has been a non-executive director of HBOS plc since the merger, will retain his position in addition to his new role as deputy chairman. He has also been a board member of Shell UK, Scottish Power and Scottish Enterprise. Prior to joining HBOS, Garrick was chairman of the Weir Group.
Burt announced his retirement in November, having served 28 years with the Bank of Scotland, and oversaw the merger between Bank of Scotland and Halifax in April 2001.
HBOS is the UK’s fifth largest bank. In December 2002, its asset management arm Insight Investment agreed to acquire the retail and institutional businesses of Rothschild Asset Management (RAM), taking its funds under management to around 107 billion euros.