Lloyds Banking Group has expanded its senior
UK Wealth leadership team as part of an ongoing strategy to broaden
its private banking client base.
The appointments are the latest in a series of
restructuring efforts by Lloyds to simplify its wealth arm as a
result of a strategic review conducted in June.
Go deeper with GlobalData
UK Wealth’s five new key appointments
included:
- Steve Ayers, head of region – private banking, London &
South East - Alan Flint, head of region – private banking, North
- Willie Raeburn, head of region – private banking, Scotland
- Jo Perry-Taylor, head of region – private banking, Wales and
West - Stuart Moseley, commercial director
Other appointments in the senior management
team were taken on by members who had held similar roles in the
past:
- Malcolm Glaister, head of key clients
- Mark Miles, head of UK high net worth
- Simon Clark, head of direct advice &
service - Gary Sutherland, director, wealth management
– personal - Simon Uings, director, wealth management –
corporate & commercial
UK Wealth to triple
customers by 2014
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By GlobalDataThe bank’s strategic review called for Lloyds’
wealth arm to become the primary wealth adviser to UK’s mass
affluent, affluent and high net worth individuals.
The UK-based bank aims to triple its number of
clients, and increase income per customer by more than 50% by
2014.
Lloyds said it will invest in its electronic
capabilities such as an improved online channel, an execution-only
service, and a new investment platform, to help achieve that.
The strategy also set out Lloyds’ drive to
refocus its international business on UK expatriates and those with
UK connections.
