CAROL Hunter is head of the new corporate foreign exchange desk at Lloyds TSB Isle of Man.
She has been charged with the establishment and management of the bank’s new foreign exchange facility, designed to meet the growing requirement for businesses to provide bespoke foreign exchange services to their Isle of Man client portfolio.
The foreign exchange desk will respond not only to corporate standards of exchange but also to the more sophisticated service needs of businesses with competitive pricing and the ability to negotiate transaction costs with Carol directly.
Carol brings to the Lloyds TSB Corporate Banking team a wealth of experience in foreign exchange management gained over the course of a 15 year career in international banking which has resulted in her working closely with varied portfolio of retail, institutional, high net worth and corporate clients.
Her treasury and foreign exchange experience has also seen Carol assume a range of managerial positions.
She managed relationships with organisations such as trust companies, corporate service providers and other financial institutions.
In the 12 months prior to her recent appointment with Lloyds TSB, Carol headed up the foreign exchange desk at another international bank, where she gained the ACI Dealing Certificate with distinction. ACI, the Financial Markets Association, is the world’s largest professional body for dealers and back-office personnel operating in the wholesale financial markets.
Carol said: ‘This is a valuable opportunity to play a pivotal role in the establishment of a new corporate banking service that is in increasing demand within the global financial services markets.
‘Foreign exchange and its management forms an integral part of the island’s finance and I am proud to be at the forefront of an initiative that will provide Lloyds TSB’s customers with the resources they need to in-turn provide an enhanced service to theirs.
‘I would like to thank my colleagues at Lloyds for giving me the opportunity to add an important new service to the portfolio of the island’s finance sector.’
May Hooper, senior relationship Manager of Corporate Banking, Financial Institutions and Foreign Exchange, said: ‘I am very pleased indeed to be able to welcome Carol to the Lloyds TSB Corporate Banking team and to be part of this exciting new project.
‘Over the course of her extensive career Carol has gained a wealth of experience in foreign exchange services and their application in a variety of banking sub-sectors.
‘This is an important service for Lloyds TSB corporate customers and for the island as a whole and our appointment of Carol to head up the project is testament to our commitment to employing the most highly qualified and driven individuals within their respective industries.
‘I would like to welcome Carol to the team and look forward to seeing what 2013 holds for Lloyds TSB corporate banking.’