Lloyds recruits new top banker

LLOYDS Banking Group named former Goldman Sachs banker James Garvey as head of capital markets yesterday, one of the bank&rsquo;s highest profile appointments since it was rescued with state cash.<br /><br />Garvey will head the capital markets and advisory business. He retired from Goldman Sachs as a partner earlier this year after spending 10 years at the US investment bank.<br /><br />A Lloyds spokeswoman declined to disclose details of his pay and said the bank always looked to reward people &ldquo;in an appropriate and prudent fashion&rdquo;.