Bangkok--22 Jul--Asian Banker
London, July 21st 2011 - Lloyds Banking Group is pleased to announce that Truett Tate, Group Executive Director for Wholesale Banking, is to be appointed to the position of Vice Chairman, Client Coverage. In this role Truett will be responsible for leading and co-ordinating the Group's corporate client coverage model. Truett will remain a member of the Board of Directors, a member of the Group Executive Committee and will continue to report directly to the Group Chief Executive, Ant?nio Horta-Os?rio.
Nathan Bostock, currently the Head of Restructuring and Risk at the Royal Bank of Scotland (RBS) will join the Group to take the role of Chief Executive, Wholesale. He will join at a date to be agreed. Nathan will be a member of the Group Executive Committee and will report directly to Group Chief Executive, Ant?nio Horta-Os?rio.
Nathan joined RBS on 1 June 2009 as Head of Restructuring and Risk with responsibility for the bank’s non-core division. Before joining RBS, Nathan spent eight years with Abbey National plc in several roles and was latterly Chief Financial Officer and a main Board Director. He joined Abbey in 2001 as Head of Financial Markets.
Prior to Abbey National, Nathan spent ten years with RBS in a number of roles, including Chief Operating Officer of Treasury and Capital Markets and Group Risk Director. Before joining RBS, he spent seven years at Chase Manhattan Bank in a variety of areas and functions.
The Group is also pleased to announce the appointment of Andrew Geczy as Head of Wholesale Banking and Markets with immediate effect. In aggregating the Wholesale Markets, Treasury and Trading, Transaction Banking and Corporate Banking business lines, the Group will simplify the organisational structure, allowing us to capture the opportunities in Wholesale Banking and Markets outlined in the recent Strategic Review. Andrew joined the Group in 2009 and has played an important role in developing the Wholesale bank proposition for corporate customers. He will report to Truett Tate who will continue with his existing responsibilities until Nathan’s arrival.
Ant?nio Horta-Os?rio, Group Chief Executive said “I am delighted that Truett will take responsibility for Group Corporate Client Coverage, as we place customer needs at the heart of everything we do. His skills and experience make him ideal for this role.” I am also very pleased to announce the appointment of Nathan to the role of Chief Executive, Wholesale. His vast experience in Wholesale Markets and deep understanding of risk management uniquely qualify him for this role. He brings a wealth of experience and will play an important part in my senior leadership team as we enter the next phase of delivering on the promise of the Group to customers and shareholders. Andrew is a committed and talented leader within the Wholesale team and I know that he will drive the newly integrated Wholesale Banking and Markets area to deliver outstanding results for our customers.”
The appointments are subject to FSA approval.
--www.theasianbanker.com (July 21, 2011)--