Steven Gray Joins LDC Scotland

LDC Scotland, a mid-market private equity arm of Lloyds TSB bank, has recruited Steven Gray, a former director of integrated finance with HBOS.

Gray will be based in Aberdeen. He previously spent five years in HBOS' global energy team and has worked on transactions in Europe and North America.

LDC recently opened its first Scottish office in Edinburgh and made a Gbp50m commitment to EPI-V, an emerging technologies oil and gas fund.

The firm's private equity portfolio includes British Salt, Ego Restaurants, kidsunlimited, Penn Pharmaceuticals and Cable Management Group.

Source: Thomson Merger News