Robin Budenberg: Quiet man who has seen both sides of banking | Business

Robin Budenberg, who will take over as Lloyds’ chairman, is a quietly spoken banker who built his career at Warburg, which became part of UBS.

He will join the board on October 1 before taking over from Lord Blackwell early next year, but he already knows Lloyds well. Having advised successive governments on a range of sectors, including Royal Mail and the Channel Tunnel, Mr Budenberg became chief executive then chairman of a newly created body, UK Financial Investments in 2009 to oversee the government’s stakes in banks that were the result of emergency bailouts.

He was heavily involved in the recruitment of António Horta-Osório to the top job at Lloyds in 2011. Mr Budenberg, 61, put his negotiating skill to work to come up