The team announced to lead the venture includes, James Rainbow, chief executive officer, Nick Allen, chief operating officer, Marcus Brookes, chief investment officer, James Cardew, chief marketing officer, Marietta Connery, head of human resources, Sarah Deaves, managing director, client relationships & wealth advice, Barrie Jackson, chief risk officer, David Lawrence, chief commercial officer, Colin Newham, chief internal auditor, and Joel Ripley, chief financial officer.

The partnership said the team is expected to drive the design of Schroders Personal Wealth, which will offer a personalised financial planning service backed by Lloyds advisory and customer financial life-cycle focus, coupled with Schroders’ investment expertise and Benchmark Capital’s leading technology.

“This is an exciting step forward for our strategic partnership. The leadership team, which brings the best of both companies together, will help us continue to accelerate the development of a market-leading proposition to benefit customers,” Lloyds’ director of insurance and wealth, and chair of the new venture, Antonio Lorenzo, said.