Lloyds Banking Group has named Peter Fitzgerald as its new chief investment officer, taking over from Kevin Doran who departs early next year after leading the group’s investment proposition.

Fitzgerald will run investment strategy and fund management across Scottish Widows and the recently acquired Schroders Personal Wealth arm, as Lloyds pushes for a stronger, more integrated customer offer.

He joins the FTSE 100 firm from Aviva Investors, where he was CIO for Multi-Asset & Macro, overseeing a global team managing more than £100bn.

With 25 years in multi-asset investing and macro strategy, he also brings senior experience from BNP Paribas Wealth Management and Insinger de Beaufort.