Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Barclays’ Scottish head of charities departs

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.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Wealth Manager Retreat 2017: size isn't everything

Wealth Manager Retreat 2017: size isn't everything

We asked our delegates at the Wealth Manager Retreat what they think about the recent wave of consolidation in the industry.

1 Comment Play CIO Tapes - part 3: 'passive funds are anti-capitalist'

CIO Tapes - part 3: 'passive funds are anti-capitalist'

Citywire recently gathered three of the UK's leading fund investment heads to discuss their hopes, fears and the issues that their jobs throw at them daily.

Play CIO Tapes: do investors have it as good as it gets?

CIO Tapes: do investors have it as good as it gets?

Citywire gathered three of the UK's leading fund investment heads to discuss what they fear and what makes them cheer about the year ahead

Read More
Your Business: Cover Star Club

Profile: Rathbone's Newcastle boss on the road to £1bn

Profile: Rathbone's Newcastle boss on the road to £1bn

Starting from zero assets on day one, Rathbone's Newcastle team now looks after just over £400 million in clients money

Wealth Manager on Twitter