New managing director for Lloyds TSB Middle East

Published: July 22, 2009

Lloyds TSB Middle East, part of the Lloyds Banking Group, has appointed Richard Musty as the new head of its Middle East business.

Tony Wilcox, head of Lloyds Banking Group’s expatriate banking business, says: “We recognise that the coming year will be a crucial period for the banking industry and that there are many challenges and opportunities ahead. Richard’s broad skill set and leadership capabilities together with his experience in managing businesses through economic cycles will be fundamental assets to our business.”

Musty previously held the position of consumer banking director at Lloyds TSB Middle East. During his 27 year career with the group, he has held many senior roles including regional chief executive for Lloyds TSB in Asia, island director for Lloyds TSB in Guernsey, head of offshore personal banking and head of the offshore treasury and international business.