Lloyds’ international wealth business, which has recently embarked on expansion plans, has added two senior managers to its team following the recent appointment of Russell Galley as managing director.

Alex Tsikouras has been made head of customer management, having previously been head of the international affluent team for two years. Prior to this, he worked at  Deutsche bank. In his new role Tsikouras will set up the new customer management function, taking responsibility for all lead generation activities. He will continue to be based in Geneva.

Meanwhile, Chris Gowland has been appointed proposition director. He joins the executive committee from the bank’s UK retail products business, where he was previously acquisition director for Lloyds Banking Group Mortgages.

In July, the bank appointed Martin Fricker as high net worth director; Tony Wilcox was named as a mass affluent director and Guy Healey as change and transformation director.

At the end of July, Lloyds, the UK-listed banking group, announced it will prioritise growing its wealth management business as part of a strategic overhaul which will see it get rid of 15,000 jobs by 2014. The savings are expected to free up about £2 billion (around $3.2 billion) for investments over the next three years. Lloyds was bailed out by the UK government after the bank took on huge losses in HBOS, the UK bank it bought at the height of the 2008 financial crisis. It has been looking to shed assets and restructure ahead of any privatisation of the government's stake.