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Outgoing HBOS chief linked with move to chair supermarket chain

James Crosby, who stands down in July as the chief executive of UK financial services giant HBOS, has been tipped to become the next chairman of supermarket chain Wm Morrison, a newspaper has reported.

Mr Crosby is being touted as a successor to Morrison’s deputy chairman David Jones, who will step down this month. It is understood any successor to Mr Jones would take over from veteran boss Sir Ken Morrison as chairman when he retires at the end of next year.

Still a non-executive director of ITV and of the Financial Services Authority, Mr Crosby joined Halifax bank in 1994, became chief executive in 1999, and got the top job with HBOS after its takeover of Bank of Scotland.