Patrick Foley

Senior Advisor

Patrick Foley is a senior advisor in the financial services sector of Marakon. He has more than 30 years of experience advising on strategy, providing economic analysis, and forecasting in the financial services sector. His industry experience allows him to translate complex strategic and economic issues into clear actionable insights and advice for senior management.

Most recently, Mr. Foley was Chief Economist and Group Strategy Director for Lloyds Banking Group, where he advised senior management and the Board on economic developments and strategic issues. This year, he led a major Board review of likely future financial services market trends and their impact on bank competitiveness and profitability. He designed the organic growth strategy that turned around Lloyds TSB from an ex-growth position in 2002 to a market leader five years later. Mr. Foley also led negotiations on several potential acquisitions and managed the successful divestment of Abbey Life and a number of overseas businesses.

Previously, Mr. Foley worked for Schroders and the Confederation of British Industry. He has written numerous articles for Lloyds Bank publications, outside journals, and contributed to a number of books on issues including on inflation and exchange rate economics.