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Gadhia quits as RBS mortgages chief as division is overhauled

Royal Bank of Scotland mortgages managing director Jayne-Anne Gadhia has quit the lender and been replaced by Craig Donaldson.

As part of a restructure in the RBS retail markets division, the personal banking and mortgage businesses are being brought together under Paul Geddes, who becomes chief executive of consumer banking.

Gadhia was part of the team that set up RBS intermediary partners last February, a unit that had suffered a turbulent opening 11 months after complaints of poor service.

She was also influential in launching RBS’ The One Account, initially a joint venture between RBS and Virgin in 1997. Her replacement, Donaldson, was formerly RBS personal banking commercial director.

An RBS spokesman says: “”We wish Jayne-Anne well and thank her for her contribution to the business over the last 12 years. Jayne-Anne will take some time off to relax with her family and plan her next move.”

Bank of Scotland mortgages has moved swiftly to replace its managing director Charles Haresnape, who announced his intention to quit at the end of last year to launch estate agent Connell’s telephone mortgage broking ser-vice Mortgages by Phone in February.

Haresnape’s replacement is former head of relationships at Bank of Scotland investment service Peter Curran, who becomes HBOS’s fourth new brand managing director in 18 months.

Curran says: “I am deligh-ted to be taking on this role. I look forward to developing Bank of Scotland’s mortgage products and gaining further market share within the specialist mortgage market.”

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