THE retirement of Lloyds Banking Group legal chief Harry Baines will sever the last link between the bank's senior management team and Edinburgh-based Halifax Bank of Scotland, which Lloyds acquired in a rescue takeover in 2009.

Mr Baines has stepped down as company secretary and general counsel but will continue to work for the group part-time for the next few months "providing support on legacy issues".

Documents filed with Companies House show he has been replaced as company secretary of Lloyds Banking Group and a number of subsidiaries, including Bank of Scotland and Halifax Bank of Scotland, by Claire Davies, the head of the company secretariat at Lloyds.

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