Lloyds TSB’s corporate markets division has further boosted its derivatives team in London with the hire of two directors in quantitative research from rival US brokers, the latest of several hires the UK bank has made in its trading and sales team in the last year.

Michael Roehl has joined from Morgan Stanley as director and head of fixed income derivatives quantitative research, while Manlio Trovato has been brought in from Merrill Lynch as director and head of inflation derivatives quantitative research.