Lloyds hires Saggers as head of e-trading

At Bank of America Merrill Lynch, Nicholas Saggers worked in rates and e-trading

City trading: Nicholas Saggers took on his new role in London in early June

Nicholas Saggers joined Lloyds Bank in London as a managing director and head of e-trading in London last week, FX Week has learned.

Saggers moved to his new employer from Bank of America Merrill Lynch (BAML).

He will lead the build-out of Lloyd’s e-trading business across asset classes.

At BAML, Saggers worked in rates and e-trading, and served as the bank’s representative on the Bank of England’s working group on sterling risk-free reference rates.

Lloyds Bank declined to comment.

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