The FINANCIAL — Barclays has appointed Greg Beecham to the new role of Commercial Director of its UK Insurance and Investments business.
It is the second high level appointment for the bank in recent weeks, as Barclays moves towards increasing its market share and improving its products for both insurance and investments.
Mr Beecham will lead Barclays development of simple, great value, innovative insurance and investments products. He has been with Barclays for 24 years, joining the bank as a graduate in 1987.
Mr Beecham said: “My role is new for the Insurance and Investments business. I’m responsible for the short and medium term growth plans, which includes strategy and sales. In addition, I will be responsible for developing some of the initiatives to support our growth and customer ambitions.
“Over the years, Barclays has become known for its strong customer base, innovative banking and extensive distribution channels. Our challenge is to continue building on this great foundation with insurance and investments products and services, which show we are listening to and understand the needs of our customers. I look forward to helping the business meet this challenge said Mr Beecham.
Mr Beecham will report into Paul McNamara, Managing Director of Barclays Insurance and Investments. Mr McNamara said: “I’m delighted that Greg is taking up this new role, which comes at a crucial point in the transformation of our UK Retail Business. Whether it is through our 1,700 branches, strong online presence or telephony service, this new appointment will ensure Barclays consistently delivers products that meet the high standards our customers have come to expect.”
In March, Barclays launched its enhanced online investment platform giving investors access to simple, jargon free information and tools to help buy, value and track their investments online 24/7.
Barclays offers a range of insurance products including home, motor, life, student possessions, travel insurance, health insurance, business and income insurance, offered as stand alone products and in some cases as a value added service with a current account.