Lloyds Banking Group has appointed Nick Prettejohn as non-executive director and chairman of Scottish Widows, its life insurance and investment arm.

Lloyds Banking Group has appointed Nick Prettejohn as non-executive director and chairman of Scottish Widows, its investment arm.

As part of his responsibilities at Scottish Widows, Prettejohn will serve as a member of the audit and risk committees at Lloyds, the UK-listed bank, which is partly owned by the UK government.

Formerly, Prettejohn was chief executive for Prudential UK and Europe from 2006 to 2008.  Until recently he was a non-executive director of the Prudential Regulation Authority, the regulatory body supervising the banking sector.

Previously, he was a chief executive of Lloyd’s of London and non-executive director at Legal and General.

As of 23 June 2014, Prettejohn will replace Lord Blackwell as the chairman of Scottish Widows. In the beginning of April, Blackwell became the chair of Lloyds following the retirement of Wis Bischoff.  

Prettejohn is also a member of the BBC Trust.