The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

People moves: Lloyds TSB rationalises FX business

Staff at the combined Lloyds TSB/HBoS were due to be told on Thursday (June 4) whether or not they had jobs in the new business. The bank will not confirm numbers although well-placed sources say around 25% of the workforce would be let go.

The company is recruiting externally for a newly created sales role, head of FX solutions, encompassing sales and e-delivery. The new head of FX solutions will report to Clare Francis, head of sales and derivatives structuring.

In addition, Colin Devo is confirmed head of major corporates FX and Ted Holloway is appointed head of financial institutions FX. Both will report to the new head of FX solutions when appointed. Lloyds TSB/HBoS has said anybody not yet appointed to a role will continue to look for opportunities within the organisation.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree