Barnes was responsible for recruiting new broker firms to the mortgage network and helping existing members to grow their own business by hiring new advisers.
He joined Tenet in 2013 and worked as a regional business manager for the network before being given the recruitment position in January 2018 .
In October, TenetLine’s general manager Richard Conway resigned from the company.
The network upset scores of mortgage advisers by introducing a mandatory IT system, Intelligent Office, in September after giving them four months notice. Brokers said the network had not left enough time to test the system or given them sufficient notice to plan for the change.
Mortgage Solutions saw a letter dated 26 June, sent to the board of Tenet signed by 35 adviser firms asking for a more gradual introduction of the “underdeveloped” Intelligent Office system. In the letter, advisers said the introduction of IO was “ill-planned”, “operationally and financially damaging”, and an “increased financial burden”.
Four broker firms that had handed in their resignation from the network, who spoke to Mortgage Solutions anonymously, were facing a combined bill of £140,000 to leave.
A spokesperson for Tenet said: “We can confirm that Lee Barnes has left the business and we wish him well in his future career. We expect to be able to announce his replacement shortly.”
Barnes could not be reached for comment.