LLOYDS Banking Group has appointed Nick Williams as Chief Executive Officer of Partner Finance, the Group’s newest business unit.
Nick is currently Managing Director of Lloyds Banking Group’s Transport business, overseeing consumer and business vehicle financing and leasing teams and driving digital-first innovation and partnerships.
As CEO of Partner Finance, Nick will be responsible for leading the Group’s efforts to expand beyond traditional banking, enabling Lloyds to compete in a more connected, digital and partnership-led economy.
With businesses such as transport, European retail banking and embedded finance all part of the new area, he will grow the business through a strong focus on partnerships, data, technology and new business models.
The appointment, subject to regulatory approval, will be effective from 1 October.
Jayne Opperman, currently interim CEO of Partner Finance, will leave Lloyds Banking Group at the end of the year.
Charlie Nunn, Group Chief Executive Officer, Lloyds Banking Group said: “Partner Finance is an exciting area and is critical to our ambition to grow beyond traditional banking. I’m looking forward to seeing what Nick and the team will achieve by connecting our customers, partners and platforms, creating new propositions, and being present wherever customers choose to engage – helping to grow our business and make finance simpler and more connected.”
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