Vishal Gupta has been appointed to the newly-formed client solutions team at Lloyds TSB corporate markets. He will report to Chris Mitchell, head of global financial institutions (FI) solutions. Mitchell will oversee the development of this team having joined the group in summer 2006.
“This appointment is symbolic of our strategy to combine the expertise across Lloyds TSB’s corporate markets’ franchise,” says Clare Francis, managing director and head of sales at Lloyds TSB Financial Markets. “Across all asset classes, our clients are demanding more sophisticated techniques for valuing ideas to ensure they meet their business drivers. This is a logical step forward for us as we aim to capitalise on the many new hires and team changes across financial markets in recent months.”
Gupta joins from ABN Amro in London, where he held positions on the corporate and FI solutions team. At ABN he developed various models for marketing optimal hedging solutions and provided support in devising bespoke liability hedging strategies.
The appointment of Gupta comes off the back of a year that saw the bank’s derivatives business grow as a result of its move into areas such as commodities, inflation, structured credit and secondary loan trading as well as a general expansion of its structured FX and interest rate derivative product sets.