Lloyds TSB makes institutional derivatives sales hires

Lloyds TSB has recruited Peter McGloughlin and Ian Shaw to its team selling derivatives to financial institutions.

McGloughlin becomes a director responsible for private equity and investment banking business covering northern Europe and Ireland. He formerly worked at CIBC World Markets in London, where he was a director responsible for marketing structured equity and interest rate products in northern Europe.

Shaw becomes an associate director responsible for building societies, specialist finance, fund management and coverage of the Middle East, India and southern Europe. He was previously at HSBC in London, where he was responsible for distributing vanilla and structured interest rate products to institutional clients. He also structured inflation and interest rate products for the bank’s asset and liability solutions team.

Both McGloughlin and Shaw remain in London and report to Chris Mitchell, Lloyds TSB’s head of financial institutional sales. In addition to their other roles they will also help the bank’s asset-liability management team in dealing with insurers and financial institutions.