Lloyds and Schroders advice venture names exec team

Lloyds Bank and Schroders have appointed a nine-person executive team under incoming chief executive James Rainbow for their advice joint venture, Schroders Personal Wealth.

Rainbow’s position, along with that of Scottish Widows chief executive Antonio Lorenzo as chair, were revealed last October.

The executive team are internal hires from the two companies:

Executive Former position JV position
Nick Allen Lloyds chief operating officer Chief operating officer
Marcus Brookes Schroders head of multi-asset management Chief investment officer
James Cardew Schroders global head of marketing Chief marketing officer
Marietta Connery Schroders head of human resources Head of human resources
Sarah Deaves Lloyds UK wealth director Managing director, client relationships
Barrie Jackson Lloyds audit director Chief risk officer
David Lawrence Lloyds strategy, transition and planning director Chief commercial officer
Colin Newham Lloyds quality assurance and methodology audit director Chief internal auditor
Joel Ripley Lloyds finance director of wealth and stockbroking Chief financial officer

The team will be responsible for the design of the new advice firm, which will be backed by Benchmark Capital technology.

Commenting on the appointments, Rainbow says: “We are making great progress on designing a leading financial planning offering backed by Lloyds Banking Group’s and Schroders’ expertise.”

The service will start off as only available to current Lloyds Bank Private Banking and Bank of Scotland Private Banking eligible customers from June onwards, before being rolled out to the wider UK market from the fourth quarter of 2019.

Recommended

Pru reveals self-employed advice arm plans

The proposition for the self-employed arm of Prudential UK & Europe’s financial planning business has been laid out this morning. It is set to mirror that of Prudential’s wider financial planning business including Prudential’s wrappers, annuity range, protection products and investment solution. Prudential has not ruled out adding to the proposition over time however. The […]

7

FCA under fire for failing to track consumer outcomes

The National Audit Office has criticised the FCA and three other regulators for failing to prove how they are responding to consumer problems and not offering enough protection to those in need. In a report today the NAO found that the regulators understand the significant difficulties facing consumers in the financial services and utilities markets, […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com