Wednesday, 27 January 2016

Barclays announces leadership changes in Oil and Gas team - 27/01/2016

Barclays announces leadership changes in Oil and Gas team

Barclays Corporate Banking has announced leadership changes within its Oil and Gas team.

Tom Wilkinson takes up the role of Head of Oil and Gas having worked as a member of the team for the last six years.  His new role will see him leading the team as Barclays continues to support its clients and the sector through this challenging point in the cycle, providing debt, trade and working capital facilities, cash and liquidity management and risk solutions.  He will also be responsible for managing the external stakeholder dialogue with the industry.  He replaces Walter Cumming who has retired from Barclays after seven years in the position.

Tom commented: “Having worked within the Oil and Gas team for several years, I appreciate first-hand the challenging times our clients and the industry are facing. I look forward to continuing our long-standing support of the industry, and leading our Oil and Gas team across Aberdeen and London.

“Despite the current difficult environment, Barclays remains fully committed to the oil and gas industry and will continue to support customers across the upstream, oilfield services and midstream sectors.  The longstanding support of our international and North American clients inward investment into Aberdeen and the wider UK market will continue to be a key focus.”

Stuart Brown, Director in the Barclays Oil and Gas team is based in Aberdeen and will lead the bank’s presence in the local Aberdeen market. Stuart joined Barclays in 2015 and has worked for over 28 years in the banking sector with a great deal of experience in relationship management and debt finance.  He has a strong interest in supporting entrepreneurs and high-growth companies.    

Stuart said: “Through a sound understanding of the local market, I recognise there remains significant potential for activity in the region. I will continue to build on the strong relationships I have already established in the sector as we support our clients”

Tom and Stuart report to Ally Scott, Managing Director for Barclays Corporate Banking in Scotland, who holds overall responsibility for the industry team.

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