Lloyds TSB appoints new global solutions head

Chris Mitchell has been appointed head of global financial institutions solutions at Lloyds TSB Financial Markets in London. He comes from AIG, where he was head of UK derivatives marketing, and has previously worked as head of UK derivatives marketing at Morgan Stanley.

The move is designed to increase Lloyds TSB's offering of derivatives sales, particularly to pension funds in the current climate of high deficits, the bank said. He reports in his new capacity to Clare Francis, managing director for sales at Lloyds TSB, who herself joined the bank in February last year.

The bank has more than doubled the headcount of its sales team within its financial markets division over the past 18 months as part of an overhaul of its corporate markets offering.