Lloyds TSB hires private equity staff

The bank's development capital arm is adding to its London staff.

Lloyds TSB Development Capital (LDC), the mid market private equity provider, has hired two professionals to join the firm’s London operation.

Candida Morley has been appointed Portfolio Director and will be responsible for managing the LDC’s investment portfolio. Morley joins from London’s Victoria & Albert Museum, where she was a director of development. Prior to that she worked with Elementis, 3i and Baring Brothers & Co.

Jonathan Caswell joins from within the Lloyds TSB group and, as UK Business Development Executive, will look for business opportunities within the group’s network.

Both recruits will report to Patrick Sellers, a Regional Managing Director with LDC.

Last year LDC invested £100m in UK mid market companies. Eight new investments have been completed so far this year.