Clive joined Lloyds Bank in 1977 working in the branch network. He transferred to Treasury Division in 1986 and, after a period in the back office and with the position clerks, moved to the front office to trade spot foreign exchange.
In 1988 it was decided that Treasury Division needed traders with a broader knowledge base, and Clive was selected to spend two years working on other trading desks within the room. These included FX options, the futures broking company, derivatives trading, forward foreign exchange and money markets. At the end of this training period Clive joined the Money Market Desk.
Once on the Money Market Desk Clive traded a number of currencies. Then, in preparation for the Euro, he was tasked with setting up the Lloyds TSB front office capability.
Following this Clive took up his current role, running the Sterling Money Market Team, which manages the interest rate and funding risk of the sterling book. He is also responsible for the Group’s adherence to regulatory and internal liquidity measures.
Following the merger with HBOS in 2008, Clive was appointed Director of Money Markets, assuming responsibility for the Money Market business on a global basis.