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By Aimee Donnellan
LONDON, Oct 10 (IFR) - Lloyds has hired Allen Appen from UKrival Barclays to head its financial institutions capital andasset-backed solutions business, reporting to head of capitalmarkets James Garvey.
Appen spent the last 21 years with Barclays, and was mostrecently head of financial institutions (FI) capital markets forthe Europe, Middle East and Africa region.
"Allen brings a wealth of FI experience and is particularlywell known to many European treasurers and CFOs," said Garvey."Alongside other recent hires, this marks an important step incontinuing to develop our FI franchise to enhance the serviceswe provide to this important client base."
Lloyds has made significant changes to its capital marketsbusiness, hiring high-profile debt capital markets (DCM)bankers, like Rob Ellison and Eva Porz from UBS, and Keval Shah,former co-head of financial institutions syndicate at Citigroup.
Lloyds said the FI capital and asset-backed solutions business was created earlier this year following the departureof the former head of ABS, Robert Plehn.
"With Allen's appointment, this business will now include FIDCM, creating one single focal point for all FI capitalsolutions businesses," the bank said.
Andrew Willett, who has led the FI capital and asset-backedsolutions team on an interim basis following Plehn's departureearlier this year, will return to his primary role as head ofrisk management solutions and strategic client solutions. (Reporting by Aimee Donnellan; editing by Gareth Gore)
