Gray (pictured), who is also a deputy chairman of the Council of Mortgage Lenders and a member of the executive committee, will stand down from his position at Barclays at the beginning of August.
Barclays said it did not have any details regarding Gray’s plans following his departure.
Raheel Ahmed, global head of strategic transformation, retail clients at Standard Chartered will take over from Gray and will be responsible for the strategic growth of the mortgage business, a spokesperson for Barclays said.
Joining from Bank of Ireland in 1997 where he held the role of marketing manager, Gray was previously head of products, UK mortgages, from 2001 at Barclays when the group integrated Woolwich as its intermediary mortgage business. Gray was appointed to managing director of mortgages in January 2004.
On Monday, Mortgage Solutions revealed that Barclays would drop the Woolwich brand, 15 years after acquiring the business and rebrand to Barclays Mortgages.
A Barclays spokesperson said: “Andy Gray, Managing Director of Mortgages has decided to leave Barclays at the beginning of August, after 18 years of service. Andy has played a crucial role in shaping the mortgage business to be a leading and innovative lender, and we wish him all the best for the future.”
Gray scooped the Lifetime Achievement Award at the British Mortgage Awards 2015.