Lloyds corporate real estate head leaves amid restructuring after 10 years at bank

Lloyds Banking Group real estate counsel Lesley Wan has left the bank amid a redundancy programme announced in its 2015-17 strategy.

Wan, who joined Lloyds in 2006, headed up the corporate real estate legal department at Lloyds, the UK’s largest property bank.

Before moving in-house at German bank BayernLB in 2005, she worked in private practice at both Norton Rose and Allen & Overy. In 2012, she received the British Legal Award for Legal Counsel of the Year (pictured) for her role in developing a new facility for real estate borrowing.

A Lloyds spokesperson said: “Following on from the previously announced structure changes in Commercial Banking Legal, Lesley Wan has opted to take voluntary redundancy and has left the group. We thank Lesley for her contributions to the group and wish her the best for the future.”

The news comes after the bank announced earlier this year that it would cut 22 in-house legal roles as part of the ongoing redundancy programme.

Last year, Lloyds also cut a handful of junior lawyer roles amid a wider restructuring of the group, while in April 2015, 25 lawyers from the bank’s litigation team were made redundant, a move attributed to a desire to streamline its processes in light of increased regulatory scrutiny.

The cuts come as part of a wider ongoing reorganisation at the bank. Lloyds announced in October 2014 that it would cut 9,000 jobs and shut 200 of its branches over three years.

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