Lloyds Banking Group (LLOY.L) has hired Royal Bank of Scotland's Nathan Bostoc as chief executive of wholesale banking.

Bostock is currently head of restructuring & risk at Royal Bank of Scotland Group (RBS.L) and is expected to remain at the bank until the end of February.

According to RBS, Bostock will remain at the bank for the next six months to 'ensure an orderly handover of his responsibilities'.

Bostock will take over from Truett Tate, who has been appointed as vice chairman of client coverage at Lloyds.

Tate will be responsible for leading and coordinating the banks corporate client coverage model.

António Horta-Osório, group chief executive at Lloyds, said, Bostock would play an inmportant part of the senior leadership team.

He added, 'His vast experience in Wholesale Markets and deep understanding of risk management uniquely qualify him for this role.'

Bostock joined RBS in 2009, having spent eight years at Abbey National, most recently as chief financial officer.
 
Andrew Geczy is set to become head of wholesale banking and markets reporting to Tate, in the interim.

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