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Lloyds appoints chief executive of wholesale

Lloyds Banking Group has appointed Andrew Bester, currently chief operating officer consumer banking at Standard Chartered Bank, as chief executive, wholesale.

Mr Bester will join Lloyds in the third quarter of 2012 and report directly to group chief executive, António Horta-Osório.

Having begun his career at Standard Chartered, Mr Bester re-joined the emerging markets bank in 2004 and has since held a variety of senior management positions.

He has been co-head of wholesale banking for the Africa and Greater China & Japan regions, as well as chief financial officer and chief operating officer for consumer banking.

Commenting on his new role, Mr Bester said: “This is an exciting opportunity and I look forward to working for António and making a contribution toward delivering the strategy.”

Adding: “I will be working with the teams to build on the foundations now established to drive the transformation of the wholesale business.”

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