Lloyds Banking Group’s group finance director Tim Tookey is to leave the group to pursue an opportunity outside the banking sector.

Tookey joined the business in April 2006 as Deputy Group Finance Director and was appointed as Group Finance Director and as a member of the Board in October 2008.

He will continue with his present responsibilities and remain on the board until the end of February 2012.

Sir Win Bischoff, chairman of Lloyds Banking Group, said: “I greatly appreciate Tim’s significant contribution