Juan Colombas and Antonio Lorenzo, recently managers under Antonio Horta-Osorio at Santander UK, are set to join their former boss at Lloyds Banking Group only a month after he became Lloyds’ new chief executive.

Colombas will replace Carol Sergeant as new chief risk officer; she is to leave at the end of January next year. He will join the Lloyds Banking Group on 17 January, while also becoming a member of the group’s executive committee.

Colombas was head of the risk division at Santander, working in areas such as corporate banking, investment banking, and retail distribution, and has amassed 23 years of experience as a risk officer.

Lorenzo will join on 1 March as director of Lloyds wealth and international division, as well as become a member of the group’s executive committee. He will report to Horta-Osorio, who is due to take over from current CEO Eric Daniels as chief executive at the end of February.

Lorenzo joined Santander in 1998.