Belwood becomes latest senior manager to depart RBSI
Mark Belwood, managing director of the Tracker Network, has become the latest senior manager to depart RBSI.
He will be replaced by Bill Raynal, who has worked on the banking side of RBS as director of credit cards and retail.
Belwood worked closely with Chris Moat, former director of motor at RBSI who left the company in January, along with former chief risk officer Robin Webster.
Moat had been managing director of RBS-owned Direct Line before a company restructuring moved him to motor.
The changes were initiated by chief executive Chris Sullivan to bring the brands closer together.
It is understood Moat, widely tipped to resurface in the market, has left the insurance sector to take up a post at a debt agency.
RSBI has axed more than 100 senior managers as part of its ongoing restructuring.
During the release of the company’s fourth quarter results, Sullivan told Insurance Times that despite the restructuring, morale has remained high with many employees supporting the direction RBSI is taking.