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Barclays to lose two more senior members of its broker team

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.”



Caption Competition – 10 September 2014

Can you put the boot in to your nearest and dearest to win a delicious box of Hotel Chocolat milk chocolates? Submit a witty caption for the photo above and you will be automatically entered into our prize draw. Remember, the funnier it is, the more likely you are to win. What are you waiting […]

Pensions - thumbnail

Auto-enrolment — don’t leave it too late…

With auto-enrolment (AE) well under way for the UK’s largest businesses, over the next three years an additional 800,000 smaller employers (with less than 60 employees) will start their journey to comply with the legislation. AE mandates all eligible employees and their respective employers to make regular pension contributions into a qualifying pension scheme. To learn more about the legislation read our brief Jelf AEase — simple steps to AE compliance guide.


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  • Post a comment
  • Tim Feldman 13th September 2014 at 9:27 pm


  • The Cynical Broker 11th September 2014 at 2:52 pm

    If Barclays (Woolwich) were a football club, the crowd (brokers) would be chanting “you don’t know what you’re doing!” Shocking news, I can see now why they keep dropping their rates !!