Lloyds Bank creates new mid markets trade and working capital team
Lloyds Bank, Global Transaction Banking has created a new team dedicated to delivering a broad range of working capital solutions to Britain’s mid-sized businesses.
Headed by mid markets managing director, Kash Ahmad, the trade and working capital team will use the bank’s existing specialist expertise in trade finance and commercial finance to provide end-to-end working capital solutions to help businesses prosper.
Announcing the new team structure, Kash said: “This is all about ensuring we are putting our customers first in everything we do.
“Customers want to know that the people they are dealing with are product specialists, but they also need to know that the solution being delivered is the best possible combination of those products for the unique challenges they face.
“As we get to know and understand our customers even more, we are better placed to identify the challenges they face and deliver the right expertise and products to solve them.”
The team will report to three new regional senior leads across Britain.
Andrew Charnley, who recently joined Lloyds Bank from Barclays, where he was global head of open account product, will head the team in London and the South.
In the Midlands and South West, the team will be headed by Mark Parsons, while Gordon Forster will head up the trade and working capital team in Scotland and the North.
The team will work closely with Gary Griffiths, who recently joined Lloyds Bank as head of trade and receivables finance for global corporates and financial institutions.
The new structure is part of Lloyds Bank’s strategy to continue growing its global transaction banking business.
Kash added: “We have recruited heavily in recent months and that investment in talent is all part of our ambition to quickly become the leading light in our industry once again.
“Only by putting clients first in everything we do and by delivering what they want – holistic, innovative solutions that are bespoke for their needs – will we do that. We have been doing that for some time, but this new team gives us the platform we need to build on that even further.”
Lloyds’ Global Transaction Banking division provides payments, liquidity management, working capital and short-term financing to business clients, as well as core banking services to help clients grow, both domestically and internationally, through trade finance, cash management, invoice and asset finance.
