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Lloyds Corporate and Institutional has promoted Matt Burns and Mansour Davarian (pictured) to co-heads of its newly created transaction banking solutions team, based in London.

Burns has spent his entire 24-year career with the bank, serving in various roles. Most recently, he was managing director of global transaction solutions sales for nearly a year and a half. Prior to this, he was the bank’s managing director of ring-fenced bank traded products.

Davarian joined Lloyds in 2022 after six years at fintech Demica to fill the then-new post of head of corporate trade and working capital sales. After six months in this role, he became the head of all trade and working capital sales, a position he held for a year and nine months.

Together, Burns and Davarian will oversee the 150-strong transaction banking solutions team that incorporates a range of trade finance sales functions, including core trade, open account, commodity trade finance, export credit agency, asset and invoice finance, commercial cards, trade asset distribution, payments and cash management, merchant services and data products, as well as a dedicated go-to-market division.

The new department is part of the client solutions group, which also includes Lloyds’ debt solutions business. Burns and Davarian will report to the head of the client solutions group, Andrew Edwards.

Surath Sengupta and Rogier van Lammeren have also joined the team. Sengupta becomes managing director, head of trade and working capital, and van Lammeren is promoted to managing director, head of global transaction products. Sengupta was previously head of trade and working capital innovation and transformation and van Lammeren served as head of trade and working capital products. Both also report to Edwards.

Davarian tells GTR their first priority in their new roles will be to “maximise the potential of aligning our distribution, product and transformation teams”.

“Transaction banking is at the heart of our clients’ day-to-day operational and working capital needs and having a banking partner that understands this is of real importance,” he says. “As co-heads of transaction banking solutions, we look forward to working in close partnership with our clients, underpinning their requirements through specialist knowledge and bespoke solutions.”