Barclays Wealth has reportedly restructured its business which has seen more senior departures from the wealth management unit.
In June, the bank has suffered several senior departures including Sarah Newman, head of alternatives, Helen Posner, head of private equity, and Laurent Perusset, head of the bank’s Swiss investment business, reported Financial Times.
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The trio joined Barclays in 2010.
The publication said that Rory Tobin, global head of investments and solutions at Barclays Wealth, has decided to step down from the bank.
In February, Stuart Cummins, managing director of private banking and wealth management, who worked at the bank for 10 years from 2004 until 2014 has also quit the firm.
However, other senior departures at the bank’s wealth unit since December last year include Henry Fischel-Bock, head of European and UK wealth management, David Semaya, head of private banking for the UK and Ireland, Oliver Gregson, head of discretionary wealth management and Kevin Gardiner, CIO for Europe.
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By GlobalDataFurthermore, Peter Horrell, CEO of Barclays Wealth and Investment Management, is set to step down from his position at the end of the year after a spell of 23 years at the firm.
The bank has previously said that many of the departures are due to personal reasons, but a former Barclays Wealth employee said this theory "does not stick".
