Scottish Widows Bank appoints new managing director

Scottish Widows Bank has appointed Neil McLellan as managing director.

The move follows the announcement that Martin Fleming was leaving the role to become mortgage transformation director at Widows parent compay Lloyds Banking Group.

Mr McLellan, who is currently the customer & product director within the insurance & wealth division of Lloyds Banking Group, has an impressive 20-year track record of successfully leading large scale, transformational change.

He previously spent four years as CIO and Transition Director at Sainsbury’s Bank, responsible for the exit of the joint venture with Lloyds Banking Group and setup of the standalone bank. Before joining Lloyds Banking Group, he worked in Accenture’s retail practice.

Mr McLellan, who will take the helm of Scottish Widows Bank this month, subject to regulatory approval, said: “Leading Scottish Widows Bank in the next phase of its development will be an exciting time and I’m looking forward to getting stuck in. This year has been a transformational year for the bank with impressive growth and external recognition of its service improvements. I have no doubt that the best is yet to come, and in 2018 we’ll be working on delivering even more for brokers, including the launch of our new broker portal.”

Mike Jones, MD, intermediaries and specialist brands at Lloyds Banking Group, added: “Neil has the right mix of skills to ensure Scottish Widows Bank continues to power ahead with the growth and transformation plans that Martin had been driving forward in the role of MD and I’m confident he can lead the business through a strong 2018.”