Lloyds TSB Middle East appoints new Head of Finance and Strategy

Before relocating to Dubai, Derek worked as Head of Finance Projects and Governance in the Group's International Banking Head Office in London. In this role Derek lead a number of strategic and operational initiatives across many of the Group's overseas operations. Prior to joining Lloyds TSB Group, Derek worked at KPMG for ten years as an auditor and subsequently as a management consultant.

Lloyds TSB Middle East aims to be the most recommended bank and this appointment is part of its recent operational restructuring and ongoing strategy to build up regional banking excellence for its customers.

Bert de Ruiter, Managing Director of Lloyds TSB Group Middle East said,

"I am thrilled at Derek's appointment. He will be an invaluable member of the senior team and to the entire business of Lloyds TSB Middle East.

Derek is an inspiring professional and I look forward to working together to build a Middle East strategy which benefits the wider group."

Commenting on his appointment Derek Vaz said,

"I am really impressed by the professionalism, drive and commitment of the team here. I am excited about Dubai and the growth prospects in the Middle East region and look forward to working with a dynamic team, contributing to the growth of our business."

The main branch of Lloyds TSB is in Jumeirah, housed in a custom built landmark building, located on Al Wasl Road opposite Safa Park. The bank also has Customer Service Centres located at the Arabian Ranches, Healthcare City, Green Community and UPtown Mirdif. Lloyds TSB Dubai employs over 250 people providing a full range of financial services including: Personal Banking, Business Banking, Corporate Banking, Offshore Banking, Private Banking, Treasury Services and Trade Finance Services.