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Barclays hires new retail lending MD

Barclays has appointed Steve Weston as managing director of retail lending in its UK retail and business banking division.

Weston, who joins from National Australia Bank where he was the general manager of broker platforms, will be responsible for leading the bank’s mortgage and consumer lending strategy.

He will report to Ashok Vaswani, who is the chief executive of UK retail and business banking.

Weston is currently supporting the handover at NAB to his successor and will begin his new role at Barclays in April 2012.

Vaswani says: “I am delighted to have attracted someone of Steve’s calibre to join us at Barclays. He brings with him a wealth of knowledge and experience and he will be a welcome addition to the team.

“I am excited about the opportunities his fresh thinking and external experience from an overseas mortgage market will bring to help us drive forward our strategy and deliver innovative products and services to our UK customers.”



Adviser welcome relaxed Fatca proposals

Advisers have welcomed the US government’s move to relax the proposals for its foreign account tax compliance act. Last week, the US treasury released a joint statement with the UK, France, Germany, Italy and Spain expressing mutual intent to pursue a government-to-government framework for implementing the act. Under the new framework, the UK Government will […]


Margaret Cole to leave FSA

FSA conduct business unit managing director and former director of enforcement Margaret Cole is to leave the regulator later this year. Cole (pictured), who is also an FSA board member, will leave the FSA after nearly seven years at the regulator. She will remain in her current role and on the FSA board until the […]

Accord withdrawing all 75% and 85% LTV products

Accord Mortgages is withdrawing all of its 75 per cent and 85 per cent loan-to-value mortgages until Thursday. The lender is pulling all products except its 90 per cent LTV range tonight due to high demand following competitor movements. It will relaunch a new product range on Thursday. A spokeswoman for Accord says: “Due to […]


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