Lloyds Banking Group, a leading financial services group based in the UK, has appointed Sirisha Voruganti as the Chief Executive Officer and Managing Director of the newly established Lloyds Technology Centre in Hyderabad, India. Voruganti, a globally recognized technology and innovation leader, joins the group from JCPenney, where she served as the Managing Director and a Board member for JCPenney in India.
Bringing with her extensive experience in IT architecture, data engineering, and fintech innovation, Voruganti has held senior technology positions in various global firms. She was notably the first woman to hold the position of Managing Director for JP Morgan Chase in Technology in India, and she has also served as an Executive Vice President of Architecture, Data, and Shared Services for Mastercard. The establishment of Lloyds Technology Centre is part of Lloyds Banking Group’s strategic investment of £3 billion over the next three years, aimed at transforming its digital offerings and staying at the forefront of technological advancements.
Lloyds Banking Group, formed through the acquisition of HBOS by Lloyds TSB in 2009, is a British financial institution. It stands as one of the largest financial services organizations in the UK, serving 30 million customers and employing 65,000 individuals. While Lloyds Bank itself was founded in 1765, the broader Group’s heritage dates back over 320 years to the establishment of the Bank of Scotland by the Parliament of Scotland in 1695.
Listed on the London Stock Exchange (LSE) and included in the FTSE 100 Index, Lloyds Banking Group holds a market capitalization of approximately £30.65 billion as of August 1, 2022, making it the 19th-largest company listed on the LSE. Additionally, the group has a secondary listing on the New York Stock Exchange in the form of American depositary receipts.
Headquarters: Edinburgh, United Kingdom Chairman: Robin Budenberg Founded: January 19, 2009