Nick Williams appointed as new leader of Lex Autolease

Nick Williams has been named as the new managing director of Lloyds Banking Group’s transport division, with responsibility for Lex Autolease and Black Horse.

He joined Lloyds Banking Group in 2006 and has spent the last 16 years working in senior leadership roles in both consumer and corporate businesses. Most recently, Williams has been the driving force behind the group’s transformation and digital progress, bringing his expertise in delivering growth and technology to transform the business unit.

Previous roles include heading up the largest Digital Bank in the UK for the Group and the integration of two heritage mortgage businesses to create one of the largest lending businesses in Europe.

Williams’ appointment follows the resignation of Richard Jones, who left the company to join Motonovo Finance.

Working alongside the existing management team, Williams will focus on leading the group’s sustainable transport commitments, which includes achieving net zero emissions across the business by 2030.

Lloyds Banking Group recently passed £1 billion worth of new funding for electric and plug-in hybrid vehicles across Lex Autolease and Black Horse, with the Group now responsible for one in every 10 electric vehicles registered on the UK’s roads.

Williams said: “The motor finance and leasing requirements from both our business and private customers has changed significantly in recent years, with a transition to sustainable methods of transport high up the agenda. My new role will allow me to work across both brands to ensure we are offering practical solutions that support the transition towards a zero-emission future, while guaranteeing our customers receive the very best services and propositions on the market.

“Lex Autolease and Black Horse are market leaders in vehicle leasing and funding and continue to lead the way in helping individual drivers and fleets to access the right vehicle that meets their financial and sustainability needs.”