The role is a new one, and was created as part of an effort to shape and drive the bank’s strategy in the region, Lloyds TSB said.
Most recently Kalledey had been with HSBC Private Bank, where he was senior vice president for the “Southern Cone”, as the southern, cone-shaped region of South America – encompassing Argentina, Chile, Paraguay and Uruguay – is sometimes known.
Previous roles include a number of senior positions with BankBoston International and N.A., including corporate banking director in charge of the bank’s corporate relationships.
In a statement accompanying news of Kalledey’s appointment, Russell Galley, managing director Lloyds TSB Private Banking, noted that the Latin American market is a particularly important one for the bank, and one in which it has “a longstanding history”.
The entity that is now Lloyds Banking Group traces its roots in the South American market back to 1862, when it established its first international offices anywhere in Argentina and Brazil. (It subsequently grew to become the first foreign bank to open a branch in Switzerland, in 1919, and the first merchant bank in the Channel Islands in 1962.)
The Lloyds TSB private banking operation is part of the Wealth and International division of Lloyds Banking Group, the largest retail banking group in the UK.
Headquartered in London (for UK-based clients) and Geneva (for clients with international needs), the operation currently consists of a network of more than 20 offices across the UK and internationally. Its range of services includes wealth and investment management, personal banking, and tax and retirement planning.