Bob James has been appointed as the new chief operating officer at Lloyd’s.

He has taken on the COO responsibilities from chief financial officer Burkhard Keese.

Lloyd’s said the appointment is subject to regulatory approval.

The organisation said that deputy CFO Alex Cliff will join Lloyd’s executive committee, and will continue to report in to Mr Keese.

Mr James, previously Lloyd’s market transformation director, will focus on aligning the Blueprint Two programme with the wider corporation operations function.

Lloyd’s said he has more than 30 years of experience in roles covering underwriting, technology, sales, marketing, banking advisory and operations.

Mr Keese will continue as Lloyd’s CFO, with a particular focus on growing the Lloyd’s investment platform and risk transformation vehicle London Bridge to attract new capital providers.

Ms Cliff joined Lloyd’s in November and has more than 20 years of experience in the insurance industry, having held senior finance roles in insurance and broking firms, the organisation said.

John Neal, CEO, Lloyd’s, said: “As a result of Bob’s strong leadership, the Blueprint Two programme is making steady progress in our drive towards market digitalisation, enabling him to now extend his remit to Lloyd’s operations function.

“I am grateful for Burkhard’s support in leading operations over the past 14 months, and am equally delighted that deputy CFO Alex Cliff will bring her insight and experience to Lloyd’s executive committee.”