Lloyds Banking Group has made two senior appointments to its wealth and mass affluent division.
The bank has appointed Simon Kenyon as managing director for wealth and mass affluent and Markus Stadlmann as chief investment officer.
Kenyon will report to group director for retail Alison Brittain. He takes on responsibility for wealth and mass affluent from Russell Galley, who remains chief operating officer for retail.
Kenyon joined Lloyds in 2006, initially working in group strategy. He later held a number of roles in the retail division, most recently as director of everyday banking, with responsibility for current accounts, loans and savings.
Stadlmann has over 20 years’ experience in the wealth and asset management sector, having held senior roles at Siemens AG, West Lab Asset Management, VP Bank Group, Harald Quandt Holding and Barclays Wealth and investment management.
Lloyds’ wealth and mass affluent division has 500,000 clients.
Brittain says: “The integration of our wealth business into the retail division is an important component of our strategy to become the best bank for customers. I am delighted that Simon will build on his extensive exposure in the retail and mass affluent space to lead the business.”
Kenyon says: “As the investments, pensions and savings markets undergo dramatic changes, Lloyds Banking Group wealth is uniquely placed to provide customers with the highest standards of support, care and advice.”