Lloyds Bank Foundation appoints Matt Hyde as new CEO

22 Mar 2024 News

Matt Hyde, incoming CEO of the Lloyds Bank Foundation for England and Wales

The Scouts Association

The Lloyds Bank Foundation for England and Wales (LBFEW) has appointed Matt Hyde as its chief executive.

Hyde will succeed Paul Streets, who announced his intention to retire in December last year after leading LBFEW for 11 years, and will take up the role in mid-September.

LBFEW’s chief operating officer James Phillips will act as interim chief executive for the period between 6 June and 16 September.

A decade at the Scouts

Hyde has been chief executive of the Scouts Association since 2013.

Before that, he was chief executive of the National Union of Students, and has held several leadership roles in the charity sector.

He is also a trustee of Comic Relief and a patron of Unlock, a charity that supports people with convictions, and was previously vice-chair of NCVO.

In 2019, Hyde set up the world’s first degree apprenticeship programme aimed at charities and social enterprises with Queen Mary University of London. 

At the Scouts, he oversaw the development and delivery of the charity’s rebrand and spearheaded work to support the growth of scouting in deprived areas, increasing the membership among girls and starting a race equity programme. 

He was awarded an OBE in the 2020 New Years Hounours List for services to young people and co-created the Big Help Out, a nationwide volunteering event that launched on King Charles III’s coronation.

‘We need a thriving civil society’

On his appointment, Hyde said: “For our communities to prosper we need a thriving civil society, representing the people they serve and working in partnership with government and the private sector. 

“Small and local charities that are embedded in our communities are a lifeline for so many people and yet the demand they are facing is immense and the funding and external environment challenging. 

“That’s why I’m excited to join Lloyds Bank Foundation who plays such a vital role in providing critical support and championing local charities across England and Wales.

“I’m committed to working in partnership with others to ensure investment in these charities grows, so that together we can make the greatest impact to build a just and compassionate society.”

Ann Limb, chair of LBFEW, said: “Matt stood out to the trustees for his passion and dedication to small community organisations that nurture people to achieve their aspirations, and in turn go on to strengthen their communities. 

“He showed real collaboration in his approach and a commitment to inclusive leadership and taking the Foundation forward progressively with energy, vision and ambition. 

“He’s the right person to steer us to deliver our current strategy and then to take us into our next, welcoming challenge from trustees, staff, charity partners and Lloyds Banking Group alike.”

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