Co-op hires veteran CEO in hunt for fresh capital

The Co-operative Group has hired veteran HSBC banker Niall Booker as CEO of Co-op Bank and deputy CEO of the Co-op Group, as the firm seeks to address problems with its balance sheet and capital shortfall in the wake of Moody’s recent shock downgrade.

  • 31 May 2013

Booker, whose career at HSBC spanned 30 years, will start his new job on June 10.

He will also be a member of the board of Co-op Bank.

"I will be focused on the actions to strengthen our balance sheet and satisfactorily resolve our underlying issues," Booker said in ...

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