Barclays Wealth has suffered more senior departures, further indicating that the UK bank is struggling to retain key employees following a strategic overhaul of the business.
The Financial Times reports that at least three high-profile employees left Barclays Wealth in June, including Sarah Newman, head of alternatives, Helen Posner, head of private equity, and Laurent Perusset, who led the bank’s Swiss investment business. All three joined the bank in 2010.
It has also emerged that Stuart Cummins, managing director of private banking and wealth management, who worked at the bank from 2004 until 2014, left in February.
Barclays declined to comment on the departures, which add to the growing list of senior executives to have left the bank since it announced it would pull out of 200 wealth markets last September. Barclays subsequently decided in April to roll its wealth and investment management unit into its retail banking division.
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