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Are we seeing the emergence of a new guard in the UK banking sector?

As many of the old guard continue to be forced out of office by various banking shareholder groups a number of analysts believe that we are on the verge of a new dawn for the UK banking sector. However, with such figures as Sir Victor Blank and Sir Fred Goodwin to name but two now forcefully ejected from their office there is a concern that the vast array of experience and knowledge gathered by these people over decades in the industry could be lost.

The UK government has installed a number of "yes men" to look after shareholder, and in particular taxpayer, interests in the short to medium term but whether these people have a long-term plan or long-term strategies remains to be seen. More and more we are seeing strategies and organisations apparently made "on the hoof" often responding to severe criticism by individuals and corporate shareholders together with a number of press related campaigns.

Even though we may see the likes of Sir Victor Blank and Sir Fred Goodwin return in an advisory capacity at some stage, for all their short-term problems, these are people who have been there, done it and seen everything in the UK banking sector.

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