Hitchcox will report to Clare Francis, head of Sales & Derivatives Structuring at Lloyds Bank Corporate Markets.

In this newly-created role, Hitchcox and his team will lead the bank’s efforts in providing interest rate derivative solutions to Financial Institutions.

Hitchcox joins Lloyds Bank Corporate Markets from Credit Suisse where he spent the last decade primarily covering UK financial institutions clients.

Francis said Richard’s appointment demonstrates the bank’s commitment to further enhance its capabilities to address the specific needs of financial institutions. Richard’s experience in dealing with financial institutions will further enhance the bank’s Rates capabilities.