Lloyds Bank has appointed Farouk Ramzan as its new head of commercial banking in Europe.
London-based Ramzan, previously head of capital markets origination at the bank, will be responsible for all pan-European businesses looking to trade internationally, including SMEs up to large multinational corporates (MNCs) and financial institutions (FI).
“I am looking forward to the opportunity to lead a pan-European and pan-commercial banking approach to supporting all our clients,” says Ramzan. “I see my role as providing the strategic leadership to our European proposition and bringing together the expertise and resources we have across our bank to the benefit of all of our clients.”
He will also help to develop the full range of products across the bank’s capital markets, financial markets and transaction banking capabilities. Ramzan will work with the bank’s North America team to support US clients accessing Europe and vice versa.
Ramzan will report to Clare Francis, managing director and head of global corporates, who adds: “Farouk’s appointment to lead our pan-European capabilities will ensure our clients of all sizes have access to consistent and integrated solutions that help them to fulfil their growth aspirations.”
As a result of the appointment, Vincent Bourlet and Ender Tanar, the current heads of France and Central Europe respectively, will now report into Ramzan.
The bank has also announced that Allen Appen, the managing director, head of financial institutions group capital markets at Barclays Investment Bank, is to join Lloyds in January 2015, as the bank’s new head of FI capital and asset-backed solutions for the Europe, Middle East Africa regions.