Lloyds Bank has strengthened its global transaction banking team with three new hires.
Keith Softly joins the bank as head of fixed assets, Stephen Everett as managing director of segment propositions and Francesca Corscadden as head of financial institutions cash management and payment sales.
Lloyds appoints Corscadden from Bank of America Merrill Lynch, where for the last year she was head of the public sector team, building the business in Emea. She was previously director for public sector sales at Citi in New York for three years.
Until recently, Softly led strategy and product development in RBS’s asset finance division, Lombard North Central, for six years. He previously spent three years leading multi-regional branded vendor finance at CIT Group, a financial holdings firm.
Everett also joins Lloyds from RBS following a 16-year career at the bank. He most recently spent six years in RBS’s global transaction services team, becoming global head of cash management. Everett also spent three years in the bank’s global banking and markets team, as well as six years in the group internal audit team.
Softly and Everett will report to managing director of products in global transaction banking, Adrian Walker, who says the appointments demonstrate Lloyds’ commitment to supporting clients’ transaction banking requirements going forward.
“We are making significant investment in our transaction banking capabilities,” Walker says. “Our clients increasingly look to hire purchase, leasing and corporate asset finance products as part of a holistic working capital management strategy and with Keith’s leadership we will enhance our capabilities much further.”
“Stephen’s team will be responsible for creating insights and compelling propositions across the bank’s diverse client franchise,” he adds.
After originally starting her career at Lloyds, Corscadden has held global transaction service roles at Citi and ABN Amro. She will report to director of cash management and payments, John Salter, as part of managing director Donald Kerr’s client coverage team.
Commenting on Corscadden’s hire, Kerr says: “Francesca brings extensive market knowledge and experience from her previous roles and will be a real asset.”
Corscadden officially joined Lloyds on September 5, Softly on September 29, and Everett during October. All three will be based in London.