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Hector Sants takes Barclays leave of absence due to stress

Sir Hector Sants is taking a leave of absence from Barclays due to exhaustion and stress and is expected to return in the new year.

Former FSA chief executive Sants joined Barclays as head of compliance, Government affairs and regulatory relations in January after five years with the regulator.

Sants is following medical advice to take a break and will be replaced by other senior compliance officers until his return.

Lloyds Banking Group chief executive Antonio Horta-Osorio took two months off at the end of 2011 due to stress.

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Comments

There are 24 comments at the moment, we would love to hear your opinion too.

  1. Fee-based Adviser 15th October 2013 at 12:02 pm

    I am very sorry to hear that Lord Sants of Arch cru is unwell. It must be very stressful to move from a sinecure to a real job.

    In addition, it must be very worrying to know that past decisions at the FSA (Arch cru, Keydata, et al) can be held up to the spotlight of proper scrutiny, and that honours can be stripped.

    Perhaps he should return to the regulator, so that he can finish off the job of screwing up UK financial services.

  2. Whilst on a personal level this is sad there is a sense of schadenfreude amongst many in the adviser community.

    The stress that his and his fellow directors actions caused thousands of advisers, many of whom had to leave the industry they served for many years, will never be fully known.

  3. His card was marked which meant he lost the BofE job, the alternative was a job for which he was clearly unsuited, he hasn’t had to deal with snotty superiors for quite some time now. If I was the regulator I would take a closer look at the banks, a much closer look than ever before.

  4. I wish Mr. Sants a speedy recovery.

  5. OMG, what a headline !!!, Reap and Sow Hector. Knighthoods, Million pound packages, teams of assistants and the whole system you advocated still dosn’t work. Giving you stress. Poor wee Soul.
    Why dont you become a financial adviser, we’re just kickin back enjoying all the fees pouring in for doin nuthin.

    Advice gap, consumer protection ? More like drug Cartel Protection !!! You deserve ever bit of stress and then some for what you have done to the Financial advice industry.

  6. dazed and confused 15th October 2013 at 12:25 pm

    I’m sure that gong around his neck and the weight of the big pay-off in his back pocket is very stressful. I await with interest the deluge of ‘get well soon’ comments!!!

  7. Stressed, he’s probably just realized, the part he played in ruining a great professional, with his constant meddling and petty rules along with the disaster called RDR!

  8. @Sam above. Likewise -then he can be sacked for gross incompetence. This man has an awful lot to answer for from his previous role. Hell will never be full until this man is in it. Sam was your profile picture taken after you just read this article?

  9. Oh irony of ironies. Not easy at the sharp end – is it Mr Sants!

  10. I had most of 2012 off due to stress and exhaustion, because of the pressure of trying to run a business and comply with Hectors RDR experiment !!!!!

    I see MM did not report on my plight !!!!

    Get over it Hector and man up !!

  11. Not that I wish to be pleased about anyone who is not well, but at least Hector can now appreciate what compliance does to those of us on this side of the fence.

    That he is suffering from stress with all the resources of a large company (and problems) behind him just imagine how small IFAs feel. WE don’t have shareholders money behind us, if we are fined it comes out of our personal pockets. A regulator can close us down, make us insolvent and regularly makes our lives a misery.

    So I say again Hector – if you have stress, just imagine what we go through! And we can’t take time off on full (or even half pay) if we don’t work we don’t eat.

  12. I had a knee replacement and had to take 3 days off work, poor Hector.

  13. Be stressed, be very stressed (couldn’t have happened to a nicer bloke).

  14. I wish him all the best but ask him to reflect on the stress suffered by small IFA businesses during his regime at the FSA

  15. It must be tough at the top. It’s certainly chewy in the middle and crunchy at the bottom.

  16. I think I’m going to be physically sick. Thanks to this man and his cronies I face a bill of over 3 times my gross annual income following the Arch cru/Keydata debacles in which everyone at fault is getting off scot free and only the odd financial adviser like myself is being made to suffer personally. I stand to lose everything I have ever worked for including my home. I can’t face telling my wife and two young children. Let’s get together Hector Sants and talk about stress shall we?

  17. How difficult it must be when you reach the pinnacle of your career. Life is so tough at the top

  18. Life is so tough at the top !

  19. He probably got worked up about counting all that money!

    All the best Hector. You desrve it!

  20. I’m self employed and I’ve never been off a day in my life with stress. He’ll be back in the new year to do what exactly? I bet Barclays are well impressed.

  21. 1 comment. Censorship maybe? Shame on you Monkey Marketing if this is correct?

  22. Bet he was trying to complete Barclays GABRIEL return ! Shame.

  23. Back to tending the Roses again but only fokr 3 months this time. Ah bless…..

  24. MM has freedom of speech been turned off on this article ?

    I am sure there have been more comments than just, 1 get well wish ?

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