Bibby Financial Services is restructuring its global executive team.

Edward Winterton will become chief executive, UK, moving from his current position of UK commercial director. Ian Watson will expand his role to become chief executive, North America and incorporate responsibility for Canada. Richard Carter will move into the newly created role of chief executive, Europe and Asia. All new appointees will be members of the Global Executive Committee (ExCo), and report directly to Global Chief Executive, David Postings. Winterton will also join the Global Board.

Commenting on the changes, Postings said, “Over the past 12 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 America. The structure that we are putting in place builds on our international capabilities to deliver one joined up global business whilst still recognizing key geographic territories and income-generating operations.”

As a result of the restructure, the international division of BFS will cease to operate. Steve Box, international chief executive, has therefore decided to leave the business with immediate effect.

Postings commented, “Steve’s efforts, expertise and energy have been invaluable in delivering our strategy to date. The business across the world has benefitted from his hard work and we are very grateful for all that he has done to help guide the teams to where we are today.”

In other executive moves, Carol Roberts, managing director of leasing in the UK, will now report directly to Postings and join the Global Executive Committee.