[2] António Mota de Sousa Horta-Osório was born in January 1964,[3] in Lisbon, the eldest child of António Lino de Sousa Horta Osório, a lawyer and national table tennis champion, and Adélia Maria Mendonça Mota.
[citation needed] Horta-Osório graduated in Management and Business Administration from the Catholic University of Portugal, Lisbon, in 1987.
[11] In 2008, he led the integration into the Santander Group of the British building societies Bradford & Bingley and Alliance & Leicester.
[14] Horta-Osorio is currently a non-executive director of EXOR N.V., Fundação Champalimaud and Sociedade Francisco Manuel dos Santos in Portugal, a member of the Board of Stichting INPAR.
It returned to profitability, slimming down to focus on domestic lending and to meet tougher regulatory requirements on the amount of capital it holds.
[22] Lloyds started down the road to full private ownership, with the Government reducing its stake in September 2013 and March 2014 respectively.
[26] In 2017, Lloyds' statutory profit increased by 24% to £5.3bn in the year and it paid out the largest dividend in its history (£2.3bn) including a share buyback of £1bn.
[1] It was reported that he would move to Switzerland to take up the role,[1] which he began by purchasing Credit Suisse stock worth $1.2 million as a sign of confidence in the group.
[32] He resigned in January 2022 after an internal investigation into his breach of Covid rules in the UK and Switzerland, and was succeeded by Axel Lehmann.
[45] In August 2016, Horta-Osório issued an apology in an email sent to Lloyd Banking Group's 75,000 staff for reported transgressions in his personal life while travelling abroad.
Mr Horta-Osorio also breached Swiss Covid restrictions when, according to Reuters, he flew into the country on 28 November but left on 1 December 2020.
[48] Horta-Osório has been public in describing how restoring Lloyds Bank's fortunes "almost shattered" his mental health and he has become a prominent campaigner for employers to support their employees with mental-health challenges, and thus shrug off its stigma.
[49] At Lloyds he oversaw the training of thousands of mental-health first-aiders,[50] while he and around 200 other senior executives underwent a 12-month “optimal leadership resilience programme”, devised with his psychiatrist, Dr Stephen Pereira.
[54] He has been widely praised for his campaign against the workplace taboo surrounding mental-health issues;[55][56][57] Simon Blake OBE, chief executive of Mental Health First Aid (MHFA) England, described his openness about his own problems as “inspiring”.
[40][60][61] In 2019, during his tenure, the gallery eased its traditional policy of not loaning any items, and began both to make and receive temporary loans of selected works[62][63] – for example, lending Titian’s "Perseus and Andromeda" for the National Gallery’s 2020 exhibition, Titian: Love, Desire, Death.
The collection includes objects created in China, Japan and India (especially Gujarat), often in rare materials such as tortoiseshell, mother-of-pearl and ivory and rock crystal.