Lloyds Bank Commercial Banking has strengthened its acquisitions team by reshuffling the Yorkshire team.
Rob McCann has been promoted to director and will now be dealing with private equity-backed acquisitions and refinancing in the Yorkshire region. As the former associate director for Lloyds, McCann worked on important deals such as CBPE’s acquisition of Allied Glass, GTCR’s acquisition of Callcredit Information Group and a triple acquisition for Equistone-backed Concept Life Sciences.
Will Johnson will replace McCann as associate director following a career starting as a graduate at Deloitte, which progressed to becoming assistant director for the corporate finance advisory practice in Leeds. Johnson’s experience spans seven years of supporting a range of mergers, transactions and refinancing, where he advised on many notable transactions including a deal with NorthEdge Capital.
2014 saw Lloyds Bank Commercial Banking demonstrating clear commitment to support private equity transactions across the market with the Acquisition Finance team deploying total debt capital amounting to £322m and completing 17 deals across the North of England and Scotland.
Neil Price, head of North of England and Scotland Lloyds Bank Commercial Banking acquisition finance team said that following “a strong start to 2015, our expanded team is well-placed to serve the growing appetite for debt finance and buoyant M&A market.”
“The expansion of our team in the north of England reflects the confidence of businesses in the region and the continued appetite for senior debt private equity transactions,” Price said.
A study of UK chief financial officers (CFOs) by recruitment consultant Robert Half finds that most nurture ambitions to take over the chief executive’s role.
Urjut Patel has been named as the new governor of the Reserve Bank of India (RBI) and will succeed Raghuram Rajan, whose term ends on September 4.
Frank Vang-Jensen, who was appointed in March 2015, apparently went against the Swedish bank’s decentralised model.
The second global Women in Financial Services report finds slow progress for women leaders in financial services.