View the article online at http://citywire.co.uk/wealth-manager/article/a727020
Barclays unveils regional management line-up as job cuts bite
by Danielle Levy on Jan 09, 2014 at 11:35
Barclays has unveiled a streamlined regional management structure after an overhaul of its wealth business led to a raft of regional roles being cut.
The move forms part of Barclays' overhaul of its wealth and investment business, involving a 35% reduction in private banker headcount as it changes the way it services clients with sub-£500,000 portfolios with the launch of a new lighter-touch Private Clients division.
Henry Fischel-Bock remains at the helm of Barclays UK and European wealth management division, while Andrew Houston will head up UK regions and Richard Thomas will lead London in the new structure. Christian Berchem retains his role as head of UK key clients and family offices.
Barclays has reduced the number of regional heads from four to two as part of the restructure, with Ben Gulliford and Calum Brewster appointed heads of the North and South respectively. They will report into Houston.
Brewster covers Scotland, Northern Ireland and the North of England in his new role, while Gulliford heads Midlands, South West, South East and Wales.
Following a consultation period, Barclays has made a number of redundancies across its regional management team. Those affected are still with Barclays - the majority until the end of next month - and are understood to be exploring redeployment opportunities within the bank. Around 100 private banker roles have been impacted.
As part of the restructure Gordon Scott will report into Brewster as head of the West of Scotland and Northern Ireland, with John Godfrey heads up the East of Scotland in the revamped team.
Forming part of the restructure Craig Jamieson has been made redundant, while Mark Little, former head of Scotland and Ireland, left Barclays last year.
Alan Edwards has been appointed head of the North West of England, with responsibility for Manchester and Liverpool, while former regional head for the North Steve Thompson has seen his role terminated. It is understood that David Mellett, a director in the Manchester office, is also set to depart alongside private banker Alex Strudley. Martin Cuthbert will meanwhile head the North East.
Ben Gulliford takes on a new role as head for the South, with responsibility for Midlands, South West, South East and Wales.
News sponsored by: