LDC, the private equity arm of Lloyds Banking Group, has changed the management team of its north-east regional office, as the firm aims to defy poor market conditions and increase the number of investments it makes across the UK.

LDC has reshuffled its north-east team based in Leeds, appointing John Garner to head its operations. Garner led the firm's Nottingham office until 2011, and joins from the firm's Manchester office.