Barclays is to lose further senior members of its mortgage team as regional intermediary directors Alun Donovan and Stephen Banks are set to take early retirement.
Donovan and Banks, intermediary directors for the western and eastern regions respectively, both joined Barclays in 1986 and took joint control of the intermediary division when former managing director for intermediaries David Finlay departed in March in March.
Follow the pair’s retirement, head of region for London and Midlands Sidney Wager will take on responsibility for both roles under the new job title home solutions partnership director. Wager will report into managing director for mortgage distribution Jackie Uhi.
The bank has been hit by major losses in its intermediary team over the past six months.
As revealed by Mortgage Strategy, former managing director for intermediaries David Finlay left his position in March. His departure was followed by former head of national accounts Sarah Green, who left as part of an internal restructure in May. National new-build manager David Gillam then resigned later in May to join TSB.
A spokesman for Barclays says: “Both Stephen and Alun joined Barclays in 1986 and during their careers they both have made a significant contribution to the businesses they have worked in. They leave with our thanks and our best wishes for the future.
“Sidney is looking forward to the challenge of working with a new team and focussing on the service we provide to our partners in the broker world. We can reassure you that throughout this process, both our current relationships and service to brokers will remain unchanged.”