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Foreign Exchange

FX people moves: Lloyds adds new structuring

We heard that Jeremy Adam joined Lloyds last Monday as a director in the structuring team and Lloyds have confirmed that this is indeed the case.

Adam comes over from Barclays where he provided FX structuring to FTSE250 and UK mid-market companies.

Lloyds tell us they have also appointed Phil McCabe as head of client structuring, reporting to Patrick Shone, head of structuring. McCabe joins from RBS where he was head of rates products structuring; he was also a visiting lecturer in mathematics at the University of Nottingham.

Clare Francis, head of sales and derivative structuring at Lloyds, says: “I’m delighted that Phil and Jeremy have joined our structuring team. With Phil’s leadership and Jeremy’s expertise, we are further developing our capabilities to deliver customer-focused products. Phil’s team will bring us the product expertise to leverage the existing risk solutions and IFRS capabilities of the sales structuring function.”