Lloyds Head of Currency Derivatives Trading Dabral to Exit Bank

  • Vikas Dabral to leave the bank by the end of the year
  • Exit confirmed one day after that of Anders Henrikson

Lloyds Banking Group Plc’s head of foreign-exchange derivatives trading is leaving the lender, the second high-level exit from the department to come to light this week.

Vikas Dabral, who has been at the bank more than seven years, will depart by the end of the year, Ewan McCulloch, a spokesman for Lloyds, said by phone. Another executive in the group, Anders Henrikson, head of foreign-exchange products, is also leaving.

News of the departures comes two weeks after Henrikson testified on behalf of the bank in an unfair dismissal case filed by Paul Carlier, a former foreign-exchange trader at Lloyds. Carlier claimed he was "targeted" by the bank after blowing the whistle on improper trading. Henrikson and Dabral’s moves are unrelated to the Carlier case, McCulloch said.

Someone who picked up the phone at Dabral’s home in London said he wasn’t available to comment.

Dabral will be replaced by Marc Guilbert, head of FX options, McCulloch said. Rob Hale, head of interest-rate swaps will replace Henrikson.

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