BARCLAYS Corporate has appointed Tracey Muniz-Ryan as relationship director providing specialist support to local authorities in Yorkshire.
Ms Muniz-Ryan (pictured), who already has responsibility for Barclays Corporate's relationships with the professional sector, will join a nationwide team of 34 specialists providing increased local-level support to authorities.
The move is a response to the publication of the Government’s Decentralisation and Localism Bill, which lays out proposals designed to free councils from central shackles by shifting power back to them and the communities they serve.
Ms Muniz-Ryan said: “Working with local authorities in Yorkshire and understanding the regional aspect of the issues they face will give me a real advantage and help them achieve their localism goals.”
One of the first issues relationship directors will be helping local authorities tackle is self-financing and the abolition of the Housing Revenue Account subsidy system – a proposed legislative change which will be brought in under the Decentralisation and Localism Bill. It means local authority landlords will no longer receive subsidies from a central Government pot, but will be required to support local authority housing stock from their own rental incomes.