Laurel Powers-Freeling, the former head of Lloyds TSB Group’s wealth management division and more recently senior manager at Marks and Spenc...

Laurel Powers-Freeling, the former head of Lloyds TSB Group’s wealth management division and more recently senior manager at Marks and Spencer, has joined American Express to head the UK consumer and small business card operation.

Ms Powers-Freeling briefly was chief executive of Lloyds TSB’s ill-fated “Create” wealth management initiative, which she subsequently left just a few days after it launched to join M&S as chief executive of their financial initiative M&S Money.

M&S Money was recently sold to HSBC.