As part of this role, Mitch will be supporting Lloyds to expand and deepen its presence in the US market by working with large corporations and financial institutions to manage financial risk.

Mitch has over 30 years of financial markets expertise having started his career in trading roles in interest rate derivatives, before holding various senior leadership positions as Head of Americas Macro Trading at Morgan Stanley, Head of Americas Macro Trading at MUFG Securities, and most recently as Chief Risk Officer at fintech 677 Financial Group.

Rob Hale, Head of Financial Markets, LBCM, said: “We are thrilled that Mitch is joining us. Mitch’s extensive experience and leadership make him an excellent fit to lead the Financial Markets team in North America. His expertise will help us seize new opportunities, support global clients and further strengthen our Financial Markets business.”

William Mansfield, CEO & Country Head, North America, said: “Mitch’s appointment is another step forward in our ambitious growth strategy for North America. His experience and leadership will amplify our financial markets capabilities and enhance our ability to support our clients in this strategic market. I look forward to working with Mitch as we continue to build on our momentum in the region.”

Mitchell Nadel, incoming Head of Financial Markets, North America, said: “I am delighted to join Lloyds at such an exciting time in its North American journey. I look forward to working alongside both Rob, Bill and the global teams as Lloyds looks to further build its presence in this region and meet the evolving needs of our clients.”