The bankers and board members
When HBOS was taken over by LloydsTSB in September 2008, the executives collected cash bonuses of £914,000 when the Lloyds deal completed because of “change of control” clause in their contracts.
James Crosby
Chief executive of HBOS until 2006 and then appointed deputy chairman of the Financial Services Authority City watchdog. He resigned from the FSA in 2009 as concerns about his role at HBoS mounted. In 2013, he asked to be stripped of his knighthood and gave up 30% of its £580,000 a year pension after the parliamentary commission on banking standards’ damning verdict on the management of the bank. He said he was “deeply sorry for what happened at HBOS.”
Lord Stevenson
Baron Stevenson of Coddenham had a glittering business career until the HBOS disaster. He was chairman of Pearson when it owned the FT, and held top jobs over 25 years at companies ranging from BSkyB and Lazards investment bank. He became chairman of HBOSwhen it was formed from the merger of Halifax and Bank of Scotland in 2001. He now chairs two charities, Inter Mediate which was set up by Tony Blair’s former chief of staff Jonathan Powell to negotiate in conflict zones, and MQ, which supports research into mental health.
Andy Hornby
Once regarded as the golden boy of British business, he rose swiftly through the ranks at Asda and was just 38 when he took over the top job at HBOS from Crosby. He received statutory redundancy of £2,970 from HBOS and the “change of control” clause in his contract delivered another £251,000. Based on 2008 valuations, he has a pension worth £270,000 a year at retirement age. He is now the chief operating officer of the gambling firm Gala Coral.
Peter Cummings
Former head of the commercial banking arm, Cummings was banned from working in the City and fined £500,000 in September 2012. His pension is worth £369,000 a year. He received a £702,000 payment as a result of the Lloyds deal and £129,000 through the change of control clause but waived a £1.3m bonus.
Lindsay Mackay
Ran the Treasury operations at HBOS. He is now the chief executive at Alpha Bank.
Jo Dawson
Head of HBOS insurance and investment business at the time of the Lloyds takeover. She remained at the enlarged Lloyds Banking Group until February 2010 and received £139,000 from the change of control clause. She is now an executive coach and management consultant. Accrued a £100,000 a year pension.
Dan Watkins
Along with Dawson, Watson was one of the two members of the HBOS board at the time of the takeover to be offered a job by Lloyds. When he left in February 2010 he had a senior role in the investment business. His pension is estimated to be worth £218,000 and he received a £88,000 payment through the change of control clause.
Philip Gore-Randall
Chief operating officer after joining the bank in September 2007. He remained as integration director for three months. He now works for management consultants Alvarez and Marsal and is chairman of recruitment firm Fircroft. According to his profile on LinkedIn he is also involved in the Ras al-Khaimah free trade zone, which helps companies set up in the United Arab Emirates.
Phil Hodkinson
The former HBOS finance direcor retired from the HBOS board on 30 April 2008, just before the Lloyds’ takeover. Has been a non-executive director of BT since February 2006 and holds a number of other positions including as a trustee of Children in Need.
Mike Ellis
Retired from HBOS at the end of 2004 but rejoined in September 2007, becoming finance director in January 2008. Since June 2011 he has been chairman of Skipton building society. He received £670,500 in redundancy payments and £83,000 from the change of control clause.
Colin Matthew
Ran the international division of HBOS and left at the time of the takeover. Received £656,405 as a result of the Lloyds takeover and a £151,000 through the change of control clause. Pension worth an estimated £400,000 a year (according to 2008 calculations).
Sir Ron Garrick
Was deputy chairman of HBOS. Now a director of Glasgow property development Red Eye Developments.
Richard Cousins
Non-executive from 2007. Now chief executive of caterer Compass and a director of Tesco.
Sir Charles Dunstone
The billionaire founder of Carphone Warehouse was a non-executive at HBOS until just a few months before its near-collapse. He is chairman of Talk Talk and of Dixons Carphone.
Anthony Hobson
Non-executive who chaired the audit committee. Now on the board of Dyson.
Karen Jones
Co-founder of Cafe Rogue, joined HBOS board in 2006 as a non-executive director. Now on the boards of online retailer Asos, cash ‘n’ carry group Booker and restaurant business Underdog, which owns the Hawksmoor steak chain.
John E Mack
American banker recruited to the board in April 2007 after 25-year career at Bank of America. Now on the board of hedge fund Medley Capital.
Coline McConville
An HBOS non-executive from 2001 to 2009, she is now a non-executive at Travis Perkins, Inchcape, Fevertree Drinks, UTV Media and Wembley National Stadium and is on the supervisory board of German travel group TUI.
Kate Nealon
Non-executive from 2004 to 2009. Since July 2013 she has been a non-executive director of Argo Managing Agency, a position which requires authorisation from the the City watchdog, the Financial Conduct Authority.
The Regulators
Sir Callum McCarthy
Chairman of the FSA between 2003 and September 2008. He is now chairman of risk consultancy Promontory in the UK.
John Tiner
Chief executive of the FSA between 2003 and 2007. Now chairman of insurance company Towergate and non-executive director of Swiss bank Credit Suisse.
Sir Hector Sants
Chief executive of the FSA from July 2007 to June 2012. After a brief spell at Barclays bank he is now a partner at management consultancy Oliver Wyman.
Lord Turner
Chairman of the FSA from September 2008 to 2013. Non-executive director of OakNorth bank and chair of the governing body of the Institute for New Economic Thinking.
Margaret Cole
Former head of enforcement at the FSA, she is now general counsel at global accountancy group PwC.
The auditors
John Griffith-Jones
Former chairman of HBOS auditors KPMG is now chairman. of City watchdog the Financial Conduct Authority.
