Nov. 27 (Bloomberg) -- Lloyds Banking Group Plc is negotiating for George Culmer, its new chief financial officer, to start earlier than his existing contract allows, the Sunday Telegraph reported, without saying where it got the information.
The bank may pay 6 million pounds ($9.26 million), allowing Culmer to join before the expiry of a 12-month notice period in his contract with current employer RSA Insurance Group Plc, the newspaper reported today. The fee paid would include compensation to RSA, it said.
--Editors: Sharon Lindores, Colin Keatinge
To contact the reporter on this story: Alaric Nightingale in London at firstname.lastname@example.org
To contact the editor responsible for this story: Dick Schumacher at email@example.com