Lloyds Banking Group plc announced organizational changes. The changes are: Juan Colombás, Executive Director, is appointed to a new role of Chief Operating Officer, bringing together several critical functions including Transformation, IT, People, Community Banking, and Group Services. George Culmer, Chief Financial Officer and Executive Director, will take on responsibility for the Legal and Strategy teams, as well as for Lloyds Development Capital. Zaka Mian is appointed as the Group Director, Transformation. This new Transformation division will comprise all business and IT change, data and IT architecture, customer insights, innovation and applied sciences, and be responsible for the ongoing development of the Digital channel. Vim Maru is appointed to the role of Group Director, Retail with responsibility for all Retail and Consumer Finance products and Group Brands and Marketing. Vim will also be responsible for the integration of the MBNA business. David Oldfield is appointed to the role of Group Director, Commercial Banking including Global Corporates, Financial Institutions, Mid Markets and SME Banking. Antonio Lorenzo, Group Director, Insurance will expand his role to take on responsibility for the Wealth segment. Karin Cook is appointed to the role of Group Services Director with responsibility for Global Payments, Group Property, Security, Sourcing and Customer Services. Stephen Shelley will become the Group Chief Risk Officer and a member of the Group Executive Committee. Janet Pope is appointed as the Chief of Staff and Group Corporate Affairs Director and also becomes a member of the Group Executive Committee. In addition Jen Tippin is appointed as the new Group People & Productivity Director, Jakob Pfaudler is appointed as the new Community Banking Director and together with Kate Cheetham, Group General Counsel, all three will attend Group Executive Committee. With the exception of the reporting line changes to the Group's People, Legal and Group Strategy teams which take effect immediately, these changes will be implemented from 4 September 2017, subject to regulatory approval.