May 27, 2013 / 1:15 PM / 5 years ago

REFILE-UK's Co-Op to name ex-HSBC executive Booker as CEO of bank -source

LONDON, May 27 (Reuters) - Britain’s The Co-operative Group is to appoint Niall Booker, a former senior banker at HSBC, as the new chief executive of its bank division, according to a source familiar with the situation.

Booker, who stepped down as the chief executive of HSBC’s North America business in 2011, will replace Barry Tootell, who stepped down this month after Moody’s downgraded its debt ratings and placed it under review for further downgrade.

The Co-operative Group declined immediate comment.

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