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

“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,” said Tony Wilcox, head of Lloyds Banking Group’s Expatriate Banking business.

Richard previously held the position of Consumer Banking director at Lloyds TSB Middle East. During his 27 year career with the Group, Richard has held many senior roles.-TradeArabia News Service