Barclays is to bring brands such as Woolwich and Barclaycard under
tighter control of marketing director Simon Gulliford and is creating a
marketing 'centre of excellence' in a radical group-wide
restructure.
Marketing directors for the retail bank, business banking, Barclays
private clients, Barclaycard, Woolwich and Barclaycard Capital will now
report directly to Gulliford, rather than a divisional director.
They will also have to consult the new 'centre of excellence' on issues
of brand identity, customer insight and marketing operations. The
creation of this centre marks the end of retail marketing group The
Circle.
The centre of excellence will consist of three senior marketers
reporting to Gulliford. Caitlin Thomas is promoted to director of group
brand strategy from her role of head of brand for the Barclays Group;
Oliver White is appointed director of customer insight from director,
customers, in the retail banking division; and Andrew Gillespie,
director of marketing operations, will head marketing processes and
agency relationships.
The move has prompted speculation that Barclays may reduce the number of
agencies on its advertising roster. Bartle Bogle Hegarty handles the
main Barclays brand, Publicis holds the Woolwich account and BMP DDB
handles Barclaycard.
The restructure is also likely to lead to job losses. According to a
spokesman for Barclays: "No jobs have been lost as a result of this
restructure. But it is inevitable that there will be fewer jobs in
marketing as the business goes forward."
COMMENT
Barclays' marketing rejig is part of a group-wide culture change
spearheaded by chief executive Matt Barrett, who wants to see marketing
take a more prominent role in driving the business forward.
In the past, the bank has been criticised for being too product focused
and for its lack of communication between different divisions. This has
led to brand disasters such as the unveiling of a £7m ad campaign
about the importance of being 'big' at the same time the bank announced
a massive branch closure programme.
The new structure, with its group-wide 'centre of excellence' should
allow for greater cohesion between the different parts of its business.