Europe’s Bank-Boss Swapping Restarts With Mustier in Play

The pandemic slowed the game of musical chairs among Europe’s bank bosses. As 2020 draws to a close, the biggest lenders have abruptly resumed swapping talent at the top.

Antonio Horta-Osorio said he was leaving the helm of Lloyds Banking Group Plc and moving to the chairman’s role at Credit Suisse Group AG. Lloyds poached his replacement from HSBC Holdings Plc.

Meanwhile, Jean Pierre Mustier said he was departing as UniCredit SpA’s chief executive officer -- destination unknown. Mustier’s departure followed a clash with the Italian establishment, but elsewhere in Europe, generational turnover is possible at banks ...