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Senior Geneva Lloyds Private Bankers To Leave In Group Shake-Up
Tom Burroughes
5 March 2009
Lloyds TSB International Private Banking has made a number of senior management changes, including the departure of executives from its
The bank has appointed Nicholas Boys-Smith as wealth director for the group, according to a statement emailed to WealthBriefing by the bank. Mr Boys-Smith currently holds a senior position in Lloyds TSB’s corporate markets division. In his role, Mr Boys-Smith reports to Piero Grandi, managing director, IPB. In addition, there are three other front office regional director positions reporting directly to Mr Grandi, who are responsible for IPB's High Net Worth business. Mr Boys-Smith will also continue with his current responsibilities, having joined the private bank in 2008. Meanwhile, Brendan Peilow, who is currently front office director, Geneva, will cease to work at the firm at the end of June, as his position will no longer exist. James Sturt-Scobie, trusts and wealth structuring solutions director, also based in
The changes are part of a number of management adjustments being carried out following Lloyds TSB’s purchase of rival UK bank HBOS last year. “Following the acquisition of HBOS, today we have announced the next level of appointments for the combined group. The calibre of people we were able to consider for all these roles from Lloyds TSB and HBOS was very impressive, and of the appointments made across the group, approximately 40 per cent were HBOS heritage and 60 per cent were Lloyds TSB heritage,” the bank said. Lloyds TSB IPB, which is headquartered in