Former Linklaters managing partner Simon Davies is leaving Lloyds Banking Group, with his departure confirmed as part of a wider restructuring of the bank's management team.

Davies joined the bank in 2015, stepping down from his role at Linklaters a year early to become chief people, legal and strategy officer at Lloyds.

His exit will see chief financial officer George Culmer taking immediate responsibility for Lloyds' legal and strategy teams, as well as Lloyds Development Capital.