Lloyds hires Barclays exec to lead debt capital markets and securitized units
Miray Müminoğlu has been appointed to lead the Debt Capital Markets and Securitized Financial Institutions group of Lloyds Bank.
From November, Müminoğlu will be based in London and will report to Nick Hughes, Lloyds’ head of capital markets in the bank’s corporate markets division.
Müminoğlu comes from Barclays with over 30 years of banking experience, having held several management positions in union and treasury. Most recently, he was Managing Director, responsible for term finance in the Barclays group treasury unit. He also spent 14 years in treasury and union roles at JPMorgan before joining Barclays in 2005.
In an Aug. 23 statement, Lloyds said the consolidation of its DCM and securitized product capabilities “recognizes the substantial customer overlap between these two previously separate functions.”
The move allows for a more consistent delivery of primary bond services to clients of Lloyds financial institutions, the lender added.
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Hughes said: “Miray’s extensive banking and issuer experience, which spans multiple formats and bond markets, positions him uniquely to lead the continued development of our securitized finance and bond franchises. By bringing together these two offers, we will be able to provide an integrated approach [to] our clients financial institutions to meet their bond requirements.
This appointment also means that Managing Director Ed Jennings will take on an expanded role as Head of FI DCM, reporting to Müminoğlu.
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Glenn Forbes and Niall Coakley will become co-leaders of a new combined DCM and risk management team, also reporting to Hughes.
To contact the author of this story with comments or news, email Penny Sukhraj