Gilliat Financial Solutions sales director John Croft has left the structured product provider following a restructure.
Gilliat says Croft left the firm following the reorganisation of its salesforce to focus on UK business. It says the firm is no longer actively seeking offshore business, which was where he held expertise.
Croft joined Arbuthnot Banking Group’s structured product arm from HSBC, where he headed Investment Partners within the firm’s asset management operation.
Gilliat managing director and ex-Keydata consultant Adrian Neave says: “The reorganisation of the salesforce meant John’s experience was largely on the global side and we restructured to focus on the UK. There has been no contraction in the business, it has expanded.”
Neave says there are 21 staff involved in the manufacturing and distribution of products, excluding resources at private banking subsidiary Arbuthnot Latham, up from 18 on the original team.