Lloyds Bank has strengthened its global transaction banking business in the Midlands.

Mark Parsons has been appointed as regional head of its new trade and working capital team.

Mr Parsons, who was previously head of the Midlands region for Lloyds Bank Commercial Finance's mid-markets division, will be responsible for delivering a range of working capital services designed to help the region's mid-sized businesses to grow both domestically and internationally.

The bank said the appointment was part of its strategy to continue growing its global transaction banking business, which provides payments, liquidity management, working capital and short-term financing to business clients.

It also provides core banking services to help clients grow, both domestically and internationally, through trade finance, cash management, invoice and asset finance.

Mr Parsons said: "This is all about ensuring we are putting our clients here in the Midlands first in everything we do.

"As we get to know and understand our clients even more, we are better placed to identify the challenges they face and deliver the right expertise and products to solve them."