Lloyds Bank Names Veteran Rhodri Hughes As London FX Sales Director

Longtime industry veteran Rhodri Hughes has left Deutsche Bank to join rival Lloyds Bank as its newest Foreign Exchange Sales Director in its London branch, ending a three-year tenure.

The FX realm has been in a state of flux this summer, culminating in a variety of executive moves in the institutional sector. Lloyds Bank has made a number of moves this year, including a new Head of Compliance and the departure of its Head of Spot FX.

In his new role, Mr. Hughes will work out of Lloyds’ London locale, reporting to Anders Nilsson, Managing Director, Global FX Sales at Lloyds. Prior to joining Lloyds, Mr. Hughes worked at Deutsche Bank for three years in its FX Sales division – before this he was also with HSBC since 2008.

According to Mr. Nilsson in a recent statement on the new appointment, "we are delighted that Rhodri is joining our FX sales team. His experience in providing FX solutions to global corporates will complement the existing team, strengthening further our UK and European FX capabilities as we seek to meet the growing needs of our clients in this area."