FX Week

Lloyds Bank Restructures In N.Y. By Naming Hankins To Lead Effort

BANKS

Lloyds Bank has reorganised its New York foreign exchange division, putting Steven Hankins in control as managing director of FX, reporting to Alan Ward, head of foreign exchange, options and sales in the bank's head office in London.

Hankins was transferred from London late last year and had previously been in charge of foreign exchange relationships for Lloyds treasury operations after several years' trading experience, says Ward.

The New York reorganisation occurred because of "a perceived