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Lloyds Banking Group has appointed banking veteran Jane Gilmour as its new chief technology officer (CTO), bringing more than three decades of technology leadership experience to the role.
Gilmour will join Lloyds in January, coming from HSBC, where she has held the role of CTO for group functions technology (formerly enterprise technology) since August 2024.
Her earlier career includes CTO positions at Marks and Spencer, Coca-Cola Company, and GE Capital, as well as head of technology services enterprise architecture at Barclays and six years as an e-technology specialist at JP Morgan.
Gilmour's appointment concludes Lloyds' search for a successor to Victor Weigler, who announced his retirement in April. Weigler has served as group CTO since June 2022, having previously spent more than 33 years as group architecture director.
In her new role, Gilmour will oversee Lloyds' product roadmap and lead the digital overhaul supporting Accelerate 2030, the bank's four-year growth strategy focused on expanding engineering capabilities, upgrading IT platforms, and deepening AI integration.
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In addition to its new CTO hire, Lloyds' technology division recently participated in the UK's first live customer transactions using tokenised deposits. Executed through UK Finance's Great British Tokenised Deposit project, Lloyds successfully co-settled two remortgage transactions while also trialling a peer-to-peer marketplace settlement.
According to a LinkedIn statement released at the end of last week, Lloyds noted that the trials proved how programmable payments can reduce "manual checks and settlement delays".
The bank has been examining how tokenised deposits can support new payment functionality for some time. As part of Project Agorá, the bank reported in July that it had completed three transactions using tokenised commercial bank deposits to test real-value cross-border payment flows between British pounds, euros, and Swiss francs.
Moving forward, Lloyds says that it has one further tokenised deposit pilot planned "in the coming months", though it has not disclosed the focus of that trial.
About the Author
Reporter, FinTech Futures
Cameron Emanuel-Burns, a reporter at FinTech Futures, is dedicated to enhancing the accessibility of fintech for a broader audience. He has contributed articles to various media platforms and possesses a strong interest in all aspects of fintech. Prior to his involvement in the financial industry, Emanuel-Burns worked in the podcasting field, where he held editorial, hosting,and production positions for renowned production companies, covering diverse topics. With a research master's degree in conflict analysis, he conducted a study on the influence of anti-refugee policies on extremism.