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Lloyds TSB nabs Barclays IT chief
CTO Kevin Lloyd to cross high street at end of month...

By Andy McCue

Published: Wednesday 02 August 2006

Former Barclays CTO Kevin Lloyd is to join rival bank Lloyds TSB as CIO at the end of August.

After a 20-year career at Barclays, Lloyd will now head up the IT for Lloyds TSB's wholesale and international banking division, and will be on the group IT board with the IT heads from the bank's retail and insurance and investment units.

His departure from Barclays follows that of the bank's former CIO David Weymouth last year.

Lloyd started his career working on the frontline in branch banking for NatWest before getting a degree in computer science and business studies. He then joined Barclays in 1986 to oversee what was then known as the 'end-user computing division'.

In 1997 he moved to the role of IT director for Barclays' corporate banking division, before taking on the newly created CTO position introduced by the bank's then CEO, and now chairman, Matthew Barrett.