According to a latest report published by FT, British lender Lloyds Banking Group is actively hiring engineers to its IT team in India. This comes after reports of the banker—known for its “Helping Britain Prosper” tagline—mused to axe technology jobs in the UK.
The FT report cited a source familiar with Lloyds’ plans and its access to an internal presentation, stating that the lender plans to ramp up in headcount to 4,000 permanent employees in tech and data in India by the end of the current year.
The new jobs will be based out of the Hyderbad tech centre, the report said, citing that the firm’s recruitmen for the location included highly skilled IT roles such as full-stack engineers, cloud engineers and quality analysts.
The hiring in India comes on the heels of Lloyds Banking Group rehauling its IT vertical. Around 6,000 UK employees in the function received a warning last month that their jobs were at risk, the report said.
Many institutions, companies, and banks have recently moved some of their employee base to India, including NatWest and Nationwide, inviting ire of the “Britian first” crowd back in Europe.
Lloyds Banking Group is a leader in diversity and inclusivity initiatives. By the end of 2030, it plans to have 45-55 per cent women in executive roles, 19-22 per cent “Black, Asian and Minority Ethnic representation” in executive role, and 3.5-4 per cent “Black heritage” representation in executive roles. Apart from this, it looks to include 12 per cent colleagues with disabilities in senior roles by 2025, according to the company website.
Last year, Lloyds hired Rohit Dhawan as its new Director of AI. According to his LinkedIn, Dhawan was a graduate of Delhi University in India and went on to get its PhD at the University of Sydney. Dhawan reports to Ranil Boteju, the Chief Data and Analytics Officer at Lloyds, who is a dual citizen of Australia and the UK.
