The CEO of Barclays Savings, Investments and Wealth Management is retiring from September 2018.

Brumpton will be replaced by UBS Wealth Management’s current chief operating officer, Dirk Klee.

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Brumpton joined as CEO of Barclays Wealth and Investments in 2015 after previouly working for Citibank for 30 years.

Brumpton was promoted to CEO of Barclays Savings, Investments and Wealth Management in March 2018.

Ashok Vaswani, CEO, Barclays UK said: “Since Dena joined our Barclays Wealth team in September 2015, she has stewarded our business through significant organisational change – from her appointment as CEO of Wealth & Investments through to the latest important step for Barclays UK and the creation of Savings, Investments & Wealth Management (SI&WM).

Vaswani added: “I would like to thank Dena for her contribution during a period of substantial change in our business. We will miss her energy and infectious good humour.”

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Commenting on her decision to retire, Dena Brumpton said: “When I joined Barclays, it was always with this broad timeframe in mind for retirement, and the time is now right for me and my family.  Barclays has given me an amazing opportunity as CEO since 2015, in our home market and in a market that is growing rapidly.”

Klee joined UBS in 2012 as chief operating officer.

Commenting on Dirk’s appointment, Ashok Vaswani said: “Dirk has a strong background in Wealth Management having spent the last five years at UBS in Zurich. His most recent role as Chief Operating Officer for the Wealth Management arm saw him deliver an industry first Wealth Management IT platform in 2017 (One WMP) and UBS SmartWealth with an award-winning digital banking experience.

Before joining UBS, Dirk was CEO of BlackRock in Germany.