Part of the reason for creating the role is the growing scale and institutionalisation of family offices.

Lloyds Banking Group has appointed Alessandro Cummunale as managing director, head of wealth management and family offices coverage, within the UK lender’s corporate and institutional banking business.

Cummunale, who has joined with immediate effect, will report to Tangwena Nelson, MD, head of asset and wealth management and government.

In this newly-created role, Cummunale will help strengthen Lloyds' wealth management and family offices coverage proposition, reflecting the growing scale of larger, increasingly institutionalised family offices. Prior to this, he worked for Alishon SCF Srl, where he served as associate partner, advising ultra-high net worth families and investors in Italy. Previously, he held senior positions at UniCredit and Deutsche Bank, bringing more than 30 years of experience across wealth management, investment banking and global markets.

"As wealth management clients and institutionalised family offices grow in scale and sophistication, there is a clear opportunity to support them with broader, more integrated solutions,” Cummunale said in a statement this week. 

As reported separately, Lloyds Banking Group issued first-quarter 2026 financial results yesterday.