Lloyds Bank Corporate & Institutional Banking has appointed Christian De Monte as managing director, head of insurance and group subsidiaries.
De Monte will join on September 2, based in London, and will report to Lisa Francis, managing director, head of institutional coverage.
This newly created role supports the business’ growth strategy for corporate and institutional banking, and he will oversee two teams, one which supports the bank’s insurance clients and the other which supports our group subsidiaries’ client base.
De Monte will lead the insurance business’s strategic direction and manage relationships with Lloyds Banking Group subsidiaries, including Scottish Widows. This integration aims to enhance collaboration and support the plan to grow the institutional coverage franchise over the next four years.
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De Monte has more than 16 years of banking experience. His most recent role, held since 2015, was leading Morgan Stanley’s insurance debt capital markets and private-side insurance solutions franchise across the UK and Europe.
De Monte said: “We have an opportunity to grow our institutional franchise and I’m particularly excited to help our insurance and group subsidiaries clients to fulfil their ambitions.”
Institutional coverage has been identified as a key sector for growth for Lloyds Banking Group, with an ambition to increase income by over 20% over the next 4 years.
