Subject category:
Human Resource Management / Organisational Behaviour
Published by:
IBS Center for Management Research
Length: 9 pages
Data source: Published sources
Abstract
The case describes how António Horta-Osório (Horta-Osório), Group Chief Executive, Lloyds Bank, decided to focus on the mental health of employees as part of the banking group's strategic plan. Horta-Osório who became the CEO in March 2011, was tasked with reviving the nearly bankrupt bank. Within nine months of taking charge, he had a mental breakdown and had to take a two-month break. He came back and by 2017, he managed to turn the bank around and make it profitable. Horta-Osóio was well aware that success in the banking sector depended on the bank's ability to quickly change according to customer needs. He decided to transform the way the bank functioned and put in place agile working and technologies. Based on his personal experience with mental stress, Horta-Osório reevaluated existing policies around mental health in the bank. Horta-Osório decided to implement mental health programs for employees at all levels with an Optimal Leadership Resilience Program launched in 2017 for senior leaders and the Advocates Training Program and partnerships with Mental Health UK and Headspace for mid-level and first-level employees for tackling the stigma associated with mental health problems, raising awareness, and equipping employees with tools to look after their mental health.
Teaching and learning
This item is suitable for postgraduate and executive education courses.Time period
The events covered by this case took place in 2011-2022.Geographical setting
Region:
Europe
Country:
United Kingdom
Featured company
Lloyds Bank Plc
Employees:
10000+
Turnover:
GBP 16.74 billion
Type:
Public company
Industry:
Banking
Other keywords:
António Horta-Osório; Performance management; Inclusivity & diversity; Mental health advocates; Mental health UK; Health insurance; Customer service
Featured protagonist
- António Horta-Osório (male), CEO
About
Abstract
The case describes how António Horta-Osório (Horta-Osório), Group Chief Executive, Lloyds Bank, decided to focus on the mental health of employees as part of the banking group's strategic plan. Horta-Osório who became the CEO in March 2011, was tasked with reviving the nearly bankrupt bank. Within nine months of taking charge, he had a mental breakdown and had to take a two-month break. He came back and by 2017, he managed to turn the bank around and make it profitable. Horta-Osóio was well aware that success in the banking sector depended on the bank's ability to quickly change according to customer needs. He decided to transform the way the bank functioned and put in place agile working and technologies. Based on his personal experience with mental stress, Horta-Osório reevaluated existing policies around mental health in the bank. Horta-Osório decided to implement mental health programs for employees at all levels with an Optimal Leadership Resilience Program launched in 2017 for senior leaders and the Advocates Training Program and partnerships with Mental Health UK and Headspace for mid-level and first-level employees for tackling the stigma associated with mental health problems, raising awareness, and equipping employees with tools to look after their mental health.
Teaching and learning
This item is suitable for postgraduate and executive education courses.Settings
Time period
The events covered by this case took place in 2011-2022.Geographical setting
Region:
Europe
Country:
United Kingdom
Featured company
Lloyds Bank Plc
Employees:
10000+
Turnover:
GBP 16.74 billion
Type:
Public company
Industry:
Banking
Other keywords:
António Horta-Osório; Performance management; Inclusivity & diversity; Mental health advocates; Mental health UK; Health insurance; Customer service
Featured protagonist
- António Horta-Osório (male), CEO