Cary Adams, the Geneva based head of Lloyds TSB International Private Banking, is to move on to another role within the bank at the end of April this year, WealthBriefing can reveal. His place will be taken by Piero Grandi who was previously at American Express in London.

Early last October Lloyds TSB announced a restructuring of its private banking business including a merger of the Offshore Wealth Management business into the International Private Banking unit headed by Mr Adams.