Lloyds Banking Group plc announced that Andy Schaeffer is replacing Mark Grant as chief executive of Lloyds Banking Group's North America business. Andy Schaeffer is replacing Mark Grant as CEO of London-based Lloyds Banking Group Plc's North America business, effective Feb. 1. Schaeffer joined the bank in July 2014 as managing director of the bank's North American financial markets. In April 2015, he was made head of the bank's combined capital and financial markets group in North America. Grant will return to London as CEO-designate of Lloyds' non-ring-fenced bank, Reuters added. He remains as managing director of Lloyds' international operations.