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Antonio Horta-Osorio to step down from Bank of England's Court of Directors
Following his appointment as Chief Executive of Lloyds Banking Group with effect from 1 March 2011, it has been mutually agreed by Mr Horta-Osório and the Court of the Bank of England that, because of possible conflicts of interest, it would be inappropriate for him to remain as a Non-executive Director of the Bank of England from that date.
12 November 2010
He will therefore cease to be a Non-executive Director of the Bank on 28 February 2011.