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Foreign Exchange

Lloyds hires Chatterton from Reuters to run new e-FX platform

Lloyds Banking Group has hired Richard Chatterton as e-commerce product manager from Thomson Reuters, where he launched and managed the RTFX trading platform.

Lloyds will launch its e-FX platform, Arena, in September as part of its strategy to grow market share with more institutional clients to complement its largely corporate customer base. In this year’s Euromoney FX survey, Lloyds improved nine places to 38th position in the global rankings, with a market share of 0.16%.

Chatterton’s “knowledge of the FX market and his experience in managing FX electronic platforms will prove invaluable as we strive to strengthen our e-solutions capabilities to deliver a great FX offering to our corporate and financial-institution customers,” says Rob Garwood, head of FX sales at Lloyds Bank.

Before his six-year stint at Reuters, Chatterton was a member of the senior management team at Centradia, a shared FX and money market operated by RBS, Banco Santander, Commerzbank, Sanpaolo and Société Générale. It was closed in January 2005. He also ran spot trading at Santander during the 1990s.

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