Phil Lloyd

Head of Market Structure & Regulatory Customer Engagement

Joined NatWest Markets

October 2002

In current position

March 2018


Phil leads NatWest Markets’ customer engagement on external Market Structure and Regulatory Reforms in addition to managing NatWest Markets’ key accounts across multiple asset classes and regions globally. A key focus now is on global IBOR transition.

Phil has a wealth of knowledge across Sales, Account Planning and Strategy, having joined the Markets Graduate Programme following the completion of his Masters in Economics. In recent years, he’s taken the lead in implementing many key post-crisis regulatory reforms, including Dodd-Frank, EMIR and MiFID II, and recently led the NatWest Markets’ customer engagement strategy for Brexit.


Masters in Economics, University of Nottingham

Additional background

Phil is co-chair of the UK Risk-Free Rates (RFR) Communications Group and an active member of the main group. He also holds key roles at a number of EU RFR working groups that are shaping this pivotal market reform, and acts as EU ambassador to ensure messaging is delivered into UK markets.
Additionally, Phil holds a leading role on the steering committee of the Global Foreign Exchange Division (GFXD), the FX division of AFME.