Investec new home for Lloyds leavers

Chris Babington and Michael Smith have left Lloyds Banking Group to join the corporate debt origination team at Investec Capital Markets.

Babington was formerly MD in debt capital markets at Lloyds, where he led a number of funding, capital and liability management transactions.

Smith arrives from Lloyds’ specialist finance group, having originally joined Bank of Scotland in 2004 to set up its high yield business.

Based in London, both will report to Eden Riche, head of corporate debt

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