|
Banking & Finance
Lloyds TSB has been managing to weather the economic storm better than many in the financial services sector over the last year. And with the bank now focusing on the West of Scotland, and offering business customers in the west exclusive use of its executive lounge, Stephen McNeil faces the future with optimism.
From its city centre premises in West George Street, Lloyds TSB Scotland is growing the range of products and services which can be delivered locally to businesses in the West of Scotland. Having achieved consistent, steady growth in overall market share from its Edinburgh headquarters, the Bank set its sights on the west of the country with the establishment of a new West of Scotland team, with a full portfolio of corporate services at their disposal.
With recent market volatility, Lloyds TSB\\\\\\\'s Aaa- rating provides reassurance to customers of a strong financial player which has withstood the effects of the credit crunch rather better than some of the other providers in the financial services sector. A conservative approach, sticking to traditional banking and growing the business at a steady pace, has served the Bank and its customers well at a time of global economic uncertainty.
Lloyds TSB Scotland won the accolade of Large Company of the Year in 2008 at the Scottish Business in the Community Awards. Lloyds TSB Corporate Markets has been voted Corporate Bank of the Year for four years in succession by financial directors of large UK corporates at the Real FD/CBI FDs\\\\\\\' Excellence Awards. Lloyds TSB has also been voted \\\\\\\"Britain\\\\\\\'s Most Trusted Bank\\\\\\\" by Reader\\\\\\\'s Digest for the last eight years.
As well as being home to Corporate and Commercial Banking staff in Glasgow, its premises in West George Street offer an executive lounge, private banking facilities and several offices available for customer use, whether as a quiet space to get some work done while in the city, or for larger meetings, providing customers with modern, comfortable facilities in the heart of the city.
The corporate team for the West of Scotland is led by Stephen McNeil. Having joined Lloyds TSB from Barclays, Stephen is very positive about the future and the prospects for his new team.
\\\\\\\"We firmly believe that this is the ideal time for many of our competitors\\\\\\\' customers to take a fresh look at their current provision. We want them to take a long hard look at the current services they receive and to weigh up their benefits against the array of services and benefits that Lloyds TSB can offer them.\\\\\\\"
He also highlights the limited impact that the credit crunch has had on Lloyds TSB in comparison with the competition.
\\\\\\\"Lloyds TSB took a more conservative view at a time when other banks were investing in higher risk markets and as a consequence our liquidity has been largely unaffected. We are very much open for business and keen to have new customers experience our style of relationship banking.\\\\\\\"
Lloyds TSB Corporate Markets feel that the launch of its West of Scotland team, together with the establishment of a team in Aberdeen, is perfectly timed, with many customers of other banks looking to refinance deals signed at higher rates during the credit crunch.
\\\\\\\"We are actively marketing our services to corporates and will look to be favourably positioned to win business in the future,\\\\\\\" McNeil says.
The full management team in the West is made up of McNeil, who heads up relationship banking; James Waterson, relationship manager; Mark Flanagan, corporate banking manager; Andrew Robertson, director, corporate asset finance; Scott McCrae, treasury services; Tim Lowry, trade finance and cash management, and Mariet Scott, relationship director within the property finance team.
Looking at his team, McNeil says he is justifiably proud: \\\\\\\"We have a first class team here in Glasgow, with a wealth of experience that will be hard to beat.\\\\\\\"
He and his team believe that a degree of complacency has crept into banking markets in recent times and that this has opened up opportunities for Lloyds TSB Scotland to demonstrate its efficiency and the quality of service it provides. McNeil says: \\\\\\\"Lloyds TSB Corporate Markets has been named Corporate Bank of the Year by CBI/Real Finance for four years running; an enviable position to be in and one we intend to maintain. Our modus operandi is all about maintaining close working relationships with our customers; being with them throughout their business journey.\\\\\\\"
Mariet Scott, relationship director within the property finance team, says: \\\\\\\"Lloyds TSB Scotland has a fantastic opportunity here; it has a very strong appetite for business and we will be looking to provide a full range of financial products for all types of business. We are going to be very proactive and take our message to the market.\\\\\\\"
If you\\\\\\\'d like to discover how Lloyds TSB Scotland can help your business in the West of Scotland, you can contact Stephen McNeil on 0141 331 9752 or at stephen.mcneil@lloydstsb.co.uk
|
|
|
