Lloyds has strengthened its financial institutions team with three new hires.

Rob Ellison joins as managing director and head of global banks, Chris White as head of coverage for Australian and South African banks and Gareth Braithwaite as head of institutional insurance.

Ellison moves from UBS, where he became co-head of the bank’s financial institutions group (FIG) debt capital markets business. During a 13-year career at the banking group, his responsibilities included leading the bank’s transformational liability management transactions in 2009 and facilitating the raising of capital more broadly. Ellison, who replaces Mandeep Ahluwalia, will report to managing director of financial institutions at Lloyds, Edward Thurman.

White has 10 years’ experience at Lloyds, previously working in the bank’s capital markets and client relationship teams. Most recently, White was director of financial institutions (FI) for debt capital markets, helping to build the bank’s client base across the UK, Ireland, Australia, Canada and the US and promote the FI franchise. He will work as part of Lloyds’ global banks team to lead coverage on Australian and South African banks, and will also report to Thurman.

Braithwaite has been working in banking, with a focus on the insurance sector, for over 25 years. He joins the Lloyds global insurance team to develop and co-ordinate the bank’s relationships with large UK and European insurers. Until recently, Braithwaite was head of European insurance corporate banking at Bank of America Merrill Lynch (BofAml). From 2005 to 2010, he was global head of insurance and co-head of the Emea FI group at RBS. Before this, Braithwaite worked for Barclays for 17 years. He reports to managing director and global head of insurance at Lloyds, Bill Cooper.

Commenting on significance of the appointments, Thurman says they demonstrate “a clear statement of Lloyds’s intent: a commitment to support FI clients in both the banking and insurance sectors”.

“The arrival of Rob and Chris will allow us to further deepen our relationships with global banking clients at a time when banks are facing significant change. Gareth’s extensive insurance sector expertise, across both the UK and Europe, will further enhance our capabilities in the sector and add to the stature of our team,” he adds.