LLOYDS BANK STRENGTHENS ITS TECHNOLOGY TEAM IN THE CAPITAL

Lloyds Bank Commercial Banking has strengthened its Technology, Media and Telecommunications team in London with the appointment of Michael Bond as Mid Markets Relationship Director.

Michael joins the eight strong team having previously worked in a similar role looking after clients in the Education, Communities and Government sector across the South East, where he was responsible for helping grow the Bank’s portfolio of clients, doubling the size of the team servicing those clients in the process.

With 12 years in corporate banking, he will now be responsible for growing Lloyds Bank’s portfolio of Technology, Media and Telecommunications businesses in the capital with a turnover of between £25 million and £100 million.

The team specialises in structuring tailored funding solutions for new and existing clients to provide risk management, financing, working capital and liquidity to dynamic businesses within a high-growth sector.

Commenting on his appointment, Simon Bumfrey, Area Director at the bank’s TMT team in London said: “Michael brings with him a great track record of relationship-led banking, in which he has helped grow our client base by ensuring we always deliver the bespoke, tailored funding packages that our clients require to help them prosper.

“By really getting under the skin of clients’ businesses, Michael has shown himself able to shape the funding structure that is most appropriate for each individual customer, enabling them to fulfil their ambitions and evolve without putting undue stress on the balance sheet now or further down the track.”

Michael added: “Having thrived for the past 10 years, while many other businesses have been struggling, this is a sector where the appetite for mergers and acquisitions – and so for a variety of different types of debt funding – is high.

“At Lloyds Bank Commercial Banking, we are fortunate enough to be able to offer a huge variety of solutions, ensuring I am able to find the exact match of different forms of funding that meets each customer’s unique needs.

“As a result we are able to help businesses grasp the opportunities that exist for them, and to see their progress first hand is very rewarding.”