Lloyds recruits for distribution drive

Lloyds Banking Group is beefing up its global real estate lending arm in anticipation of distributing more senior debt this year.

Head of global corporate real estate John Feeney has hired Andrea Pittaluga as a relationship director with a remit to focus on private equity and institutional fund manager customers.

Pittaluga, previously a real estate finance director at Stormharbour Securities, will report to head of relationships Richard Heath.

Feeney said: “Our part of  the business is not as balance sheet-driven (as mid-markets and SME lending) and is very much switching to distribution.

“Relationships with private equity firms and fund managers, who such a strategy works for, will be a big part of driving growth. We were looking for people who can spot these opportunities.”