Lloyds Bank Commercial Banking North America is combining its Capital and Financial Markets teams to create one overall Markets business to provide a more client-focused approach to its product offerings.
The new Markets team will be led by Andy Schaeffer, who will become the President of Lloyds Securities Inc., adding the North America Capital Markets responsibilities to his existing role of Head of Financial Markets North America and will ensure even more focus on delivering the high quality services our clients need in these areas. Schaeffer will continue to report in to Mark Grant, CEO of North America locally and Richard Moore, Managing Director, Head of Financial Markets in the UK, in addition to James Garvey, Managing Director, Head of Capital Markets in the UK.
Samir Lalvani, current Head of Capital Markets, North America has decided to leave the Group to pursue other opportunities.
Mark Grant, CEO of North America, commented: “The two Markets teams have seen significant growth since the beginning of 2014, attracting eighteen new members as we enhanced the services we offer our North America clients to meet their growing needs.”
“The refocus of these teams is another step in the continuing development of our client led strategy and will bring greater clarity to the services we provide to clients, as we help them to fulfil their growth objectives. We are delighted that Andy has agreed to take up this exciting opportunity. I would also like to thank Samir for having played an instrumental role in building out our presence in North America since joining the Bank in 2009 and we wish him every success in his future endeavours”
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NOTES TO EDITORS:
Lloyds Bank Commercial Banking
Lloyds Bank Commercial Banking provides comprehensive expert financial services to businesses of all sizes, from start- ups, through to small businesses, mid-sized businesses and multinational corporations. These corporate clients range from privately-owned firms to FTSE 100 PLCs, multinational corporations and financial institutions.
Maintaining a network of relationship teams across the UK, as well as internationally, Lloyds Bank Commercial Banking delivers the mix of local understanding and global expertise necessary to provide long-term support and advice to its clients.
Lloyds Bank Commercial Banking offers a broad range of finance beyond just term lending and this spans import and export trade finance, structured and asset finance, securitisation facilities and capital market funding. Its product specialists provide bespoke financial services and solutions including tailored cash management, international trade, treasury and risk management services.
Its heritage means it has an unrivalled understanding of business needs and a proven track record of supporting businesses across the sectors and regions. Taking a relationship approach, it provides support to its clients throughout the economic cycle.
Lloyds Bank has been voted Bank of the Year for an unprecedented ten consecutive years at the FDs’ Excellence Awards in association with ICAEW and supported by the CBI & Real Business.