Lloyds Banking Group Plc made several management changes in its commercial banking division, Reuters reported Oct. 11.

Ed Thurman will be managing director of global transaction banking, replacing Adrian Walker when he becomes investment management director in the group transformation unit, the newswire wrote.

Robina Bennett, who is commercial banking audit director, will replace Thurman as managing director for the division's financial institutions business.

All appointments take effect Nov. 1, Reuters added.