Gerrard, the UK private client stockbroker now owned by Barclays, has lost a team of six stockbrokers in the last month from its Glasgow off...

Gerrard, the UK private client stockbroker now owned by Barclays, has lost a team of six stockbrokers in the last month from its Glasgow office, according to reports in the Scottish media. The departures include the managing director of the regional office, Philip Monks. Stephen Quaile, a former head of the Scottish operation and directors Colin Lawson, Rowan Braithwaite, Tom Mitchell and Douglas Scott have also all left the Glasgow operation since the start of May. They have yet to make their intentions public about where they plan to go, although speculation is mounting that the five plan to set up a new office for JM Finn, a London-based brokerage, in Glasgow. In a statement, Fenella MacLean, director of Gerrard in Scotland, said: “A number of those who resigned had worked for Gerrard for many years. We understand that people need to move on in their careers and we wish them well. I can confirm that the clients affected have been contacted, or are being contacted, and they will continue to be well served by Gerrard's Glasgow team.” The reports in the Scottish media said staff at Gerrard in Scotland had become increasingly disgruntled with the acquisition by Barclays in October 2003.