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Head of intermediary lending leaves B&W in wake of restructure

Bristol & West head of intermediary lending Clive Watkins has left the bank after only one year following an internal restructure.

Watkins says he resigned after what the bank describes as “internal housekeeping” left him with the option of two new positions, neither of which he felt suited his ability.

B&W says he gave notice after applying unsuccessfully for the position of head of sales (lending), which was offered to head of retail and consumer mortgages, Bob Perks.

The restructure followed B&W&#39s decision to merge its intermediary and direct-sales departments.

According to B&W, Perks and Watkins were left to fight for the same job following the consolidation of their positions.

Watkins says: “I was offered a couple of roles, both of which had aspects which did not suit me or my talents, so clearly I had to look elsewhere.”

A B&W spokeswoman says: “Instead of two heads of sales, we consolidated the roles. We are really sorry that he is leaving and the way it has worked out.”

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