Barclays buys Standard Life

Barclays has bought the home loans and savings division of insurer Standard Life for £226m.

Standard Life

The bank says it will acquire a savings business worth £5.5bn and a mortgage book with outstanding balances of approximately £8.8bn.

It adds that 270 Standard Life employees will transfer to Barclays once the deal is complete.

Frits Seegers, chief executive of Barclays Global Retail and Commercial Banking, says Standard Life “is a good fit” with Barclays existing UK retail banking business.

Standard Life recently named finance director David Nish as its new group chief executive.

His appointment came at the end of 12 months that has seen the insurer make a number of senior marketing appointments and restructure its UK marketing team.

Marketing operations director Simon Esberger joined in October last year, while Andrew Gillespie was named managing director for marketing across the UK financial services business last December.

The appointments came ahead of a restructure that involved the separation of marketing and product development and the creation and abolition of a number of roles.

Latest from Marketing Week

Marketoonist on PowerPoint pitches

The Marketoonist

Tom Fishburne is founder of Marketoon Studios. Follow his work at or on Twitter @tomfishburne See more of the Marketoonist here Tom Fishburne will be speaking at the Festival of Marketing, which is taking place on 4 and 5 October at Tobacco Dock. To find out more information, including how to book tickets, visit […]


Access Marketing Week’s wealth of insight, analysis and inspiration that will help you develop as a marketer and leader.

Register and receive the best content from the only title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work, so we can make Marketing Week more relevant to you.

Register now


Our award winning editorial team and columnists will ask the biggest questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.


From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we will be your guide.


Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Dedicated to developing your skills and helping you achieve marketing excellence. Find guidance on leadership, professional development and the latest industry jobs.

Having problems?

Contact us on +44 (0)20 7292 3711 or email

If you are looking for our Jobs site, please click here