Lloyds private banking CIO to quit.
Global Banking News-May 30, 2019--Lloyds private banking CIO to quit
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Global Banking News - 30 May 2019
The chief investment officer (CIO) of Lloyd's private bank, Markus Stadlmann, is to leave the firm.
Stadlmann has been with the firm since 2014 and his exit comes as the unit is making structural changes. The firm is looking to move USD89bn of its private client funds and a number of staff to a joint venture with Schroders' (LON: SDR) private wealth business.
The new venture is expected to be launched next month and...
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