Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration 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.
Your Business: Cover Star Club

Profile: how career burnout led to a family office launch

Profile: how career burnout led to a family office launch

I was burnt-out from a career in finance and had no desire to come back, says the founder of Blu Family Office

Wealth Manager on Twitter