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Lloyds recruits new top banker
LLOYDS Banking Group named former Goldman Sachs banker James Garvey as head of capital markets yesterday, one of the bank’s highest profile appointments since it was rescued with state cash.
Garvey will head the capital markets and advisory business. He retired from Goldman Sachs as a partner earlier this year after spending 10 years at the US investment bank.
A Lloyds spokeswoman declined to disclose details of his pay and said the bank always looked to reward people “in an appropriate and prudent fashion”.