“He wasn’t everyone’s cup of tea; he wasn’t universally popular,” says one former Linklaters partner when asked about the departure of managing partner Simon Davies for Lloyds Banking Group announced this week. Continuing: “I think you can get away with a couple of terms, but however good you are people are looking for a change.”
Davies surprised many in the market, and some in his own firm, when he announced on Wednesday that he would be stepping down from his current role a year early to join Lloyds as chief people, legal and strategy officer in January 2016. Lloyds’ current divisional heads of HR, legal and strategy will all report directly to him.
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