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View the article online at http://citywire.co.uk/wealth-manager/article/a747863

Ex-Barclays' Scottish charity head to lead social growth fund

by Elsa Buchanan on Apr 25, 2014 at 10:55

Ex-Barclays' Scottish charity head to lead social growth fund

Barclays Wealth & Investment’s former Scottish head of charities Diane Wilde has joined Social Investment Scotland (SIS), to help run their social growth fund.

SIS is a charity that provides business loans for Scottish charities and social enterprises and the recently launched social growth fund for Scotland, which will put up to £16 million to work to help Scottish charities and social enterprises.

In her new role, Wilde will work alongside Chairman Sarah Smart, who is also chair of the Pensions Trust, and Gordon More, managing director if Lloyds' business support unit. The fund seeks to grow the Scottish social investment market place, providing long-term finance and core loan products to Scottish charities.

This is Wilde's first position since she departed Barclays in October of last year along with a number of other colleagues from the bank's Glasgow office, including portfolio manager Eline Lofgren. Wilde was formerly head of charities and segregated funds in Scotland.

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

Her departure happened around the same time that incoming chief Peter Horrell restructured Barclays' wealth and investment division, which resulted in a significant reduction in private banker headcount, as the bank overhauled the way sub-£500,000 clients are serviced.

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