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View the article online at http://citywire.co.uk/wealth-manager/article/a706832

Barclays’ Scottish head of charities departs

by Danielle Levy on Oct 03, 2013 at 11:06

Barclays’ Scottish head of charities departs

Diane Wilde, Barclays’ Scottish head of charities, has left the bank, along with Glasgow-based portfolio manager Eline Lofgren.

Their departures come ahead of the bank’s restructure of its wealth and investment division under new chief Peter Horrell, which is set to result in a significant reduction in private banker headcount, as the bank overhauls the way sub-£500,000 clients are serviced.

Wilde was formerly head of charities and segregated funds in Scotland. Her departure coincides with that of Lofgren. She is understood to have sat on the global portfolio construction team of Barclays’ wealth and investment division.

Wilde had been at Barclays for seven and a half years and was instrumental in the bank’s charity business.

Prior to this, she headed Gartmore’s Scottish business, worked at Edinburgh Fund Managers and also set up Aberdeen Asset Management’s Glasgow office.

Last week, the bank confirmed it had launched a consultation period for its private bankers, which is set to last a matter of weeks and could reduce its private banker headcount by up to 40%, Wealth Manager understands.

David Semaya, former head of UK private banking, has retired this month after a decade at the bank.

The reasons for their departures are not known and the bank declined to comment.

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