Boss’s apol­ogy to 75,000 staff

Daily Mirror - - POLLYHUDSON - BY GRAHAM HISCOTT Busi­ness Edi­tor graham.hiscott@mir­ror.co.uk

THE boss of bank­ing giant Lloyds has is­sued a hu­mil­i­at­ing apol­ogy af­ter be­ing caught al­legedly cheat­ing on his wife.

Fa­ther-of-three An­to­nio Hor­taO­so­rio told 75,000 staff he re­gret­ted dam­age done to the bank’s rep­u­ta­tion since the af­fair.

It is claimed the Por­tuguese banker had a fling when at­tend­ing a con­fer­ence in Sin­ga­pore with Dr Wendy Pi­att, 45, boss of the Rus­sell Group of UK uni­ver­si­ties.

Mr Horta-Oso­rio, 52, who earned £8.5mil­lion in 2015, used a memo to em­ploy­ees to deny he spent £4,000 of the bank’s money on en­ter­tain­ing Dr Pi­att. He said: “I pay for my per­sonal ex­penses and only re­claim what is a busi­ness ex­pense. “But I deeply re­gret be­ing the cause of so much ad­verse pub­lic­ity and the dam­age that has been done to the group’s rep­u­ta­tion. “I have been a strong ad­vo­cate of ex­pect­ing the high­est pro­fes­sional stan­dards from ev­ery­one at the bank, and that in­cludes me.” Lloyds, partly tax­payer owned, an­nounced last month it is cut­ting 3,000 jobs and shut­ting 200 branches.

RE­GRETS An­to­nio Horta-Oso­rio

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