Wednesday, 1 August 2012

Sales Team Restructuring at Lloyds Bank

Lloyds TSB Commercial Finance has restructured its sales team, in a move designed to give customers greater access to senior funding professionals.

Each regional team will have three heads, with respective responsibility for companies with turnovers of up to £15m, £15m-£100m, and £100m+, across a wider geographical remit.

The changes will simplify the bank’s structure, with the aim of creating teams that will focus on facilitating the growth of SMEs, mid-market businesses or large corporations.

The new structure also aims to make the bank’s asset-based finance division work more closely with divisions across the wider banking group, to provide better-suited funding solutions.

Ian Larkin, managing director for Lloyds TSB Commercial Finance, said: “By aligning more closely with the structure of the wider banking teams, we will be able to work with our colleagues in wholesale and commercial banking to determine the most appropriate source of finance to best suit the needs of our customers on an individual basis. This will help us to supplement loans and overdrafts with tailored invoice finance and complementary products.”

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