mast image

Impact Investing

IPE special report May 2018

Sections

Kitcat bows out of Lloyds

Wayne Kitcat, managing director of UK-based Lloyds Bank Securities Services (LBSS), is to take early retirement. Kitcat has been at the helm of LBSS since 1994, and oversaw the acquisition of NatWest's custody business in 1995, which added more than £50bn of assets to the Lloyds portfolio. LBSS has a strong franchise in the UK's unit trust market, and has also developed a powerful position as a provider of UK agency services to overseas banks, but doubts remain about the bank's long-term commitment to the custody business, with Bank of New York mentioned as a possible suitor. Kitcat is to be replaced by Ken Farquhar, who moved to LBSS from the corporate banking division last year.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2436

    Asset class: Real Estate - Core Open-ended Real Estate Equity Fund (non-listed).
    Asset region: Asia Pacific.
    Size: Approx. CHF 70-100m per investment.
    Closing date: 2018-05-25.

  • QN-2438

    Asset class: High Yield Bonds.
    Asset region: US.
    Size: USD 300 million.
    Closing date: 2018-05-25.

  • RE-2441

    Closing date: 2018-05-31.

Begin Your Search Here