Chief Economist, Lloyds Banking Group
Andrew joined the Group in 1994 having obtained a first-class honours degree in business economics. He joined what was then the Economics Department of Lloyds Bank as Economist and completed several roles in that team and in later combined Economics, Planning and Strategy teams of the Lloyds TSB Group, including Senior Economist and deputising for the Head of Economics in 2000-2003.
In 2004, Andrew joined the Group Strategy team as Senior Strategy Adviser, continuing his responsibilities for the Group’s economic analysis and planning scenarios as now the only economist at the Group centre, but also co-managing a team of strategy analysts accountable for assessing Groupwide strategic issues and helping businesses with strategy development. During this time he provided grounded economics thinking into many strategy projects, including M&A work, and also managed a strategic review of the Group’s mortgage business in 2007.
In 2008, Andrew joined and helped to set up the newly formed Chief Economist’s Office, tasked with making sure that the Board, GEC and wider business has solid analysis of the increasingly uncertain external environment on which to base their strategic decision making and stress-testing. He has presented to the GEC and Board, and around the Group is often praised for his ability to explain complex matters in a simple way.