Lloyds Bank’s new exports chief for the South Yorkshire region

Paul Smith of Lloyds Bank.
Paul Smith of Lloyds Bank.
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Lloyds Bank has appointed a new head of trade finance who will spearhead a scheme to help small and medium-sized businesses (SME) in the region to boost their export plans.

Paul Smith, who has worked for Lloyds Banking Group for more than 31 years, will lead a team of 18 international business managers across the UK that are supporting businesses with an annual turnover up to £25m through the different stages of their international growth strategy.

He joins the global transactional banking team after a spell as area director for Lloyds in the North West and as a senior manager in the bank’s national risk management team.

He said: “Trading internationally is an important route to enable a business to secure new contracts and drive the long-term success of its business. We have a strong team in place to help firms across the UK deliver this growth.”

Lloyds has pledged to increase its trade financing facilities by 25 per cent in 2015.