| Company type | Division |
|---|---|
| Industry | Private banking and wealth management |
| Founded | 1960 |
| Headquarters | , |
| Products | Wealth management, Investment management |
| Revenue |  £21.1 billion (2016) |
| Parent | Barclays |
| Website | www |
Barclays Wealth Management is the wealth management division of United Kingdom based Barclays bank. In 2013 the division was restructured to work more closely with retail and corporate banking divisions. It serves affluent and high net worth clients through offices across the UK, offering personalised banking, credit, investment management and wealth planning services.[1]
As of 2013[update], reported client assets were £202.8 billion.[2]
History[edit]
In May 2013, Peter Horrell was named interim chief executive of the Wealth and Investment Management division of Barclays reporting to Antony Jenkins, Barclays group chief executive. Horrell was permanently appointed chief executive in September 2013. Akshaya Bhargava succeeded him as chief executive on 13 October 2014.
Dena Brumpton joined in September 2015 as new chief executive of Barclays Wealth Management. In December 2016, she was appointed CEO of the newly formed Wealth & Investments business, which incorporated the UK Savings business in March 2018. In July 2018, Barclays announced the retirement of Dena Brumpton and the appointment of Dirk Klee as her successor, both effective from September 2018.[3]
Community investment and sponsorships[edit]
Barclays Wealth has an active community investment programme in many of the jurisdictions in which it operates, with a particular focus on providing grants to charities helping disadvantaged people work towards financial independence and security.
The firm also has a policy of encouraging employees in their personal charitable giving and fundraising efforts. Staff are able to volunteer in work time and Barclays Wealth will match any monies raised through a staff member's individual fundraising efforts.[4]
Notable persons[edit]
- Mark Gilbert, American Major League Baseball player, and US Ambassador to New Zealand and Samoa
References[edit]
- ^ "Barclays Is Shutting Down Its Wealth Management Businesses In 130 Countries". Business Insider. September 26, 2013.
- ^ Barclays Wealth site, About Wealth and Investment Management at Barclays page
- ^ Barclays Wealth site, About Wealth and Investment Management at Barclays page
- ^ Barclays Wealth site, Community investment page
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