Phil Lloyd

Managing Director and Head of Non-Bank Financial Institutions (“NBFI”) at NatWest.

The NBFI role brings institutional customers together across NatWest Group’s global product offering, creating one franchise. Phil manages and leads all aspects of the NBFI strategy including risk appetite (credit, trading), resource allocation (balance sheet, capital), customer thematics (AuM growth, Alts growth, digitization) and performance attribution (cost-income, scale, sustainability, balance sheet return). Sectors under Phil’s purview include Asset Managers, Insurers, Pension Funds, Broker-Dealers, Wealth Managers, Hedge Funds and Speciality Financiers. Emphasis is placed on external dynamics affecting the environment in which NBFI customers operate to ensure an adaptive offering.

With over 20 years’ experience in fixed income markets, Phil has been a strong deliverer across a range of positions at NatWest, from corporate finance strategy, to trading/sales-level strategy, to regulatory readiness & change agent, balance sheet management and performance optimisation. To this end he has driven front-to-back implementation of multi-million-pound programmes sponsored by global stakeholders.

Phil has a track record of combining content-led customer engagement with customer analytics, managing the often-blurry lines between high and low-touch coverage across trading, financing and servicing. Automation has been a key node for Phil’s focus on NatWest’s largest NBFI customers as part of holistic relationship management.

Additional leadership positions include executive advisory on the strategy and realisation of post-GFC market reforms, including EMIR, MiFID, DFA, BREXIT and the transition to a post-LIBOR world globally, where Phil played a leading role with the Bank of England and public sector more broadly.

Phil maintains extensive engagement with market participants and regulators and is a frequent contributor to industry fora such as AFME, FMSB and IOSCO and UK Finance where he represents NatWest. Phil draws on this experience to ensure the optimal positioning of NatWest with its NBFI customers.

Phil has a Masters in Economics from the University of Nottingham, having achieved an undergraduate degree in Economic Analysis

Phil joined the bank in October 2002 and has been in his current position since January 2023.

phil.lloyd@natwest.com

Tel: +44 (0)20 7085 1271

Mobile: +44 (0)7788 417917 

Articles by Phil Lloyd

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