Steve Weston Rejoins Barclays:
- Appointment:
- Steve Weston, founder of the now-defunct Aussie challenger Volt Bank, has been appointed as the new head of everyday money management at Barclays.
- Previous Roles at Barclays:
- Weston initially joined Barclays in April 2012, where he served as the managing director of retail lending, heading the provision of mortgages and personal loans.
- Later, he became the CEO of Barclays’ mortgage business, holding the position until the end of 2015.
- Founding Volt Bank:
- After leaving Barclays, Weston co-founded Volt Bank in mid-2017, an Australian digital bank.
- Volt Bank obtained a restricted banking license in 2018 and became the first of its kind to acquire a full banking license in January 2019.
- Volt Bank Closure:
- Despite initially achieving a valuation of $285 million and raising significant funding, Volt Bank announced its decision to shut down in June 2022 due to insufficient funds.
- Role at Barclays:
- Weston’s role at Barclays involves leading the everyday money management team, covering areas such as credit cards, current accounts, payments, and personal loans.
- Reunion with Barclays:
- Weston expressed his excitement about rejoining Barclays, stating that although nearly a decade has passed since his last role in London with the bank, he looks forward to reconnecting with the team.
