LDC has hired Jon Herbert, Lloyds Banking Group’s former head of acquisition finance. Herbert joins as director and will be responsible for sourcing debt to finance deals. He will be based in London but will work on deals on a national basis.

Herbert has been with Lloyds for 17 years, with the last decade spent as acquisition finance head. His achievements in this role include the integration of Bank of Scotland’s leveraged finance business with Lloyds acquisition finance. Prior to this he ran the bank’s activities within the structured debt market, as well as businesses in project finance, ship finance, rail finance and equipment leasing.

Herbert holds an MBA from Durham University and a degree from Nottingham University.