Portuguese banking manager Antonio Horta-Osorio was awarded the Knights of the British Empire by Queen Isabel II today and received the title of “Jazz” before his name.
The former chief executive officer of Lloyds Bank was recognized by the monarch for his “important services provided to British taxpayers in the past 10 years, leading the Lloyds Banking Group from the brink of collapse to profitability”.
It also mentioned efforts to put customers at the center of the bank’s attention, as well as the establishment of a more fair and socially responsible culture, that is, the promotion of ethnic minorities and women to management positions.
After receiving support during the 2008 financial crisis, the Portuguese also led the privatization process of the bank, which was owned by the state in 2011 when it took office in 2011 with a 43% stake.
“His progress in the bank enabled the Ministry of Finance to fully return the bank to the private sector, returning 21.2 billion pounds (24.7 billion euros) to taxpayers: 900 million pounds (1,050 billion euros) more than in the past. Initial investment”, highlights The accreditation instructions.
In a statement issued after the award, Antonio Horta-Osorio stated that he was “very honored to receive such a prestigious honor.”
“I have spent more than half of my career in the UK and I am honored to lead the Lloyds Banking Group for ten years. Although this is a personal recognition, I think it reflects the hard work of thousands of colleagues,” he Added.
The honor was announced in the list of annual decorations awarded today on the occasion of the official birthday of the monarch (even though it turned 95 on April 21), when it was awarded to dozens of people on the recommendation of the government.
This year, many people have been recognized for their work during the covid-19 pandemic, including Andrew Pollard of Oxford University and Sarah Gill who participated in the development of the AstraZeneca coronavirus vaccine. Scientists such as Sarah Gilbert.
The Knight Medal is one of the highest medals in the Order of the British Empire, as is the Dama Medal, awarded to the painter Paula Rego in 2010.
After leaving Lloyds Bank in April, António Horta-Osório took over as Chairman of the Credit Suisse Board of Directors, ending his 28-year banking executive position as Chief Executive Officer (Chairman of the Executive Committee) ), first at Santander Bank, then Lloyds Bank.
He started his career in the banking industry at Citibank in 1987, followed by Goldman Sachs in New York and London.
In 1993, he joined the Banco Santander at the invitation of Emilio Botín and founded the National Bank of Portugal. In 1999, he became the Executive Vice President of the Banco Santander Group.
Horta-Osório took over the leadership of Lloyds Bank in March 2011 at the invitation of the British Government and Finance Minister George Osborne to reverse the bank’s situation after Lloyd’s acquisition of HBOS (another British bank). This resulted in the country being in the capital, maintaining 39%.
Today, Lloyd is the largest digital bank in the UK, with more than 16 million digital customers. It is the only company with a comprehensive platform for financial products including banking and insurance products, and the country’s largest shareholder base shareholder of more than 2.4 million.