Lloyds Bank said it has made a further investment in its corporate and institutional banking team in the North West of England.
The Manchester-based team, which provides strategic funding products across both corporate and private equity backed businesses, has continued its growth with two recent senior hires.
Sandra Prince has been appointed as the new Head of Strategic Debt Finance for the North.
“Sandra has more than 20 years’ experience of arranging complex financings for both private equity backed and corporate borrowers,” said Lloyds.
“In her new role, Sandra will lead a growing team supporting private equity backed clients on a broad range of financing solutions to support acquisitions, recapitalisations and refinancings.”
Prince’s appointment follows that of Matt Klemperer to the team as an associate director earlier this year, following roles at Tactus Group and EY.
Lloyds Bank said it has also appointed Victoria Daly as a director in its corporate and institutional debt team, working with corporate businesses to support the financing of their growth activity, whether organic or acquisitive.
“Her appointment will significantly bolster Lloyds Bank’s corporate activity in the North West,” said Lloyds.
“Victoria returns to Lloyds Bank, where she previously spent seven years working as a director in the strategic finance team, following a six-year spell as head of portfolio at private debt fund TDC LLP.
“Prior to this, Victoria spent 10 years working in Deloitte’s corporate finance team.”
Lloyds added: “The appointments are the latest milestone in Lloyds Bank’s increased investment in the North West and come amidst a busy period of activity for the corporate and institutional banking team.
“The team supported a multi-banked £175m refinance for Manchester-based business and consultancy services provider, Peninsula Business Services, helping to enable further growth both in the UK and internationally, and maintaining its market-leading position supporting SMEs.
“Lloyds Bank was also the sustainability coordinator on a £325m credit facility provided to international consumer goods business PZ Cussons, also based in Manchester, to support the listed company’s B Corp ambitions.”
Chris Yau, Head of North West at Lloyds Bank Corporate & Institutional Banking, said: “We know that our corporate clients here in the North West have many different needs when it comes to support to help them reach their targets, from transaction and acquisition support to debt, refinancing, and much more.
“We are committed to helping them drive greater regional economic growth, and the experience of Sandra and Victoria along with our continued investment in the team will ensure we’re offering the strongest possible tailored support.”