Lloyds appoints Jane Gilmour as new CTO
Lloyds Banking Group has named Jane Gilmour as its incoming chief technology officer, leveraging her extensive background in tech leadership spanning over thirty years. She will begin her tenure at Lloyds in January after leaving HSBC, where she has served as the CTO for group technology functions since August 2024.
Her professional background features CTO roles at Marks and Spencer, the Coca-Cola Company, and GE Capital, along with leadership positions such as head of technology services architecture at Barclays and a six-year stint as an electronic technology specialist at JP Morgan.
This hiring decision finalizes Lloyds’ search for a replacement for Victor Weigler, who revealed his retirement plans in April. Weigler had been the bank’s group CTO since June 2022, following over 33 years as the group’s architecture director.
In her new position, Gilmour will guide Lloyds’ product development and spearhead the digital transformation efforts tied to Accelerate 2030, the bank’s four-year initiative aimed at strengthening engineering teams, modernizing IT systems, and advancing AI capabilities.
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Lloyds’ technology team recently took part in the UK’s first real-time customer transactions involving tokenized deposits, collaborating on UK Finance’s Great British Tokenised Deposit initiative. The bank settled two remortgage deals and tested peer-to-peer marketplace transactions through this project.
The bank highlighted that these tests demonstrated how programmable payments could eliminate unnecessary manual reviews and cut down on settlement processing times. Lloyds has been exploring tokenized deposit applications for innovative payment solutions for some time.
Earlier this year, Lloyds conducted three transactions using tokenized commercial deposits to assess cross-border payments in British pounds, euros, and Swiss francs under Project Agorá. The bank also plans one additional tokenized deposit pilot in the near future, though the specifics remain undisclosed.
