Bibby Financial Services has restructured its global team to focus on key markets and operations.

The move will see an end to the international division, and the creation of new regional divisions.  The international division had overseen European operations, as well as those in  Canada, the US, India, Hong Kong, Singapore and Malaysia. The realignment will also see a departure of international division chief executive Steve Box, who joined the company in January last year.

“While the UK remains our largest market in relation to client numbers, our global strategy is to focus and grow. Over the past twelve months, we have made significant strides in delivering our business strategy which has resulted in growth across the vast majority of our markets and the resurgence of our operations in North America,” a spokesperson for Bibby tells GTR.

“Bibby ended 2016 with over 10,250 business customers worldwide.”

A string of other moves will see Ted Winterton become chief executive for the UK, moving from his current position of UK commercial director.

Ian Watson will expand his role to become chief executive of North America, incorporating responsibility for Canada. Meanwhile, Richard Carter will move into the newly created role of chief executive for Europe and Asia.

All new appointees will be members of the global executive committee, and report directly to global chief executive, David Postings.

Carol Roberts, managing director of leasing in the UK, will now report directly to Postings and join the executive committee.

Commenting on the changes, Postings says: “The structure that we are putting in place builds on our international capabilities to deliver one joined up global business whilst still recognising key geographic territories and income-generating operations.”

Meanwhile, Box, who will leave with immediate effect says: “The international division has played an important role in helping to successfully deliver our global strategy. Given the advances we have made, it is timely that we disband the division and focus on strengthening the voices of our distinct markets in our global executive team. I therefore leave Bibby Financial Services proud of the progress that we have made and wish the very capable team all the very best for the future.”