NICK Williams is the new managing director of the Lloyds Banking Group transport division, responsible for the fleet and consumer businesses of Lex Autolease and Black Horse.
Nick joined Lloyds Banking Group in 2006 and has spent the last 16 years working in senior leadership roles in both consumer and corporate businesses.
He has most recently been the driving force behind the Group’s transformation and digital progress, bringing his expertise in delivering growth and technology to transform the business units. Previous roles include heading up the largest digital bank in the UK for the Group and the integration of two heritage mortgage businesses to create one of the largest lending businesses in Europe.
Lloyds said that Nick will work alongside the existing management team, leading the Group’s sustainable transport commitments, which includes achieving net zero emissions across the business by 2030.
Nick replaces the outgoing managing director Richard Jones who leaves the Group after 28 years, the last seven spent heading up the transport division – the new name for the motor and leasing division.
The appointment comes as Lloyds Banking Group passes £1 billion worth of new funding for electric and plug-in hybrid vehicles across Lex Autolease and Black Horse.
Lloyds says the Group is now responsible for one in every 10 electric vehicles registered on the UK’s roads.
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Ralph Morton is the leading journalist in the leasing broker sector and editor of Broker News, the website which provides information and news for BVRLA-registered leasing brokers. He also writes extensively on the fleet and leasing market in both the UK and Europe.