Finance

Lloyds hires Barclays exec to lead debt capital markets, securitised product units

Miray Muminoglu has been named the new head of Lloyds Bank’s financial institutions debt capital markets and securitised products group.

As of November, Muminoglu will be based in London and report into Nick Hughes, Lloyds’ head of capital markets within the bank’s corporate markets division.

Muminoglu joins from Barclays with over 30 years’ banking experience, having held several senior syndicate and treasury roles. Most recently, he was managing director, head of term funding within Barclays’ group treasury unit. He also spent 14 years in treasury and syndicate roles at JPMorgan before joining Barclays in 2005.

In a 23 August statement, Lloyds said that bringing together its DCM and securitised products capability “recognises the substantial client overlap between these two previously separate functions”.

The move allows more cohesive delivery of primary bond services to Lloyds’ financial institution clients, the lender added.

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Hughes said: “Miray’s extensive banking and issuer experience, which spans many bond formats and markets, positions him uniquely well to lead the continued development of our securitised financing and bond franchises. By bringing these two offerings together, we will be able to bring an integrated approach [to] our financial institutions clients to meet their bond requirements.”

The appointment will also mean managing director Ed Jennings takes on an expanded role as head of FI DCM, reporting into Muminoglu.

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Glenn Forbes and Niall Coakley will become co-heads of a newly combined corporate DCM and risk management team, also reporting in to Hughes.

To contact the author of this story with feedback or news, email Penny Sukhraj

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