South East: Lloyds strengthens its offering with Neil Foulkes' appointment

Lloyds Banking Group has strengthened its offering for mid-market businesses in the South East by appointing a new regional head of global transaction banking. Neil Foulkes will lead a team of 30 banking professionals with knowledge of the region’s key industries and specialisms in areas including global cash management, commercial finance and trade and asset finance.

Together, they will work closely with firms across the region to help them develop tailored working capital management strategies that drive growth.

Foulkes joined Lloyds Banking Group in 2013, taking charge of the mid-market commercial banking team in the South East and Thames Valley. He has more than 28 years of commercial banking experience, previously holding roles at Royal Bank of Scotland and HSBC.

He said: “It may sound clichéd but cashflow is king. The South East is a dynamic and exciting place to do business, but as we enter another year of uncertainty, businesses need to manage their cashflow effectively to achieve their ambitions.

“My team are experts in working capital. Whether it is to export to a new market or to acquire new technology or equipment to support growth, businesses need a trusted adviser who can deliver the mix of support that best suits them.

“That’s where we can help. By offering ambitious mid-market firms a comprehensive range of services and solutions. All of the team show a consistent desire to gain a deep understanding of the issues they face and the strategy they are following. It is our role to bring ideas, challenge and solutions to enable our clients and prospects to fulfil their ambition and to help Britain prosper.”

Kash Ahmad, managing director, mid-markets, global transaction banking at Lloyds Banking Group, added: “Neil’s experience and knowledge of the region’s mid-market banking landscape will ensure our global transaction banking team in the south east builds on the holistic, customer-led approach we know works so well.

“An effective working capital management programme gives businesses the ability to fully leverage all of the opportunities they have to grow, both in the UK and internationally.”