Wall Street lobbyist Tim Ryan is to leave the board of Lloyds Banking Group after taking up the top regulatory role at JP Morgan Chase.
Ryan, who has been president and chief executive of the Securities Industry and Financial Markets Association since 2009, is starting his second stint at the US banking giant, having held several senior roles at the group between 1993 and 2008, including vice-chairman of financial institutions and governments.
He has been a non-executive at Lloyds since 2009 and will leave the taxpayer-backed bank in April. Lloyds chairman Sir Win Bischoff said: “His deep banking knowledge as well as his broad international banking industry expertise has been of great value to the group at a time of considerable regulatory and industry change.”
Matt Zames, co-chief operating officer at JP Morgan, said: “We’re fortunate to have him back on our senior team.”