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Barclays Wealth Bolsters US Presence With Raft Of Hires
Harriet Davies
18 March 2011
Barclays Wealth, part of the UK-listed bank, has bulked up its US operations with the addition of 14 investment representatives to its New York, Miami, San Francisco, Los Angeles and Boston offices. In New York, Steven Sweetwood joins from JP Morgan, and Robert Meenan and Shlomi Yedid join from Merrill Lynch. The trio report to Mark Stevenson, regional manager for the New York office. Meanwhile, Louis Tinoco and Ruben Lesmes join the private bank’s Miami office. Tinoco has worked at UBS since 2005, and Lesmes was latterly a relationship manager working with Latin American private banking clients at HSBC. Both report to Marilyn Gonzalez, regional manager for Miami. In San Francisco Alex Witherill and Matt Hodus have been recruited from Credit Suisse. Witherill specializes in advising ultra high net worth clients. Also joining the San Francisco office are Christopher Bender, John Shaw and Peter Kong. All three join from Thomas Weisel Partners, where Bender was lead portfolio manager and head of fixed income in private client services, and Shaw and Kong advised HNW clients. All five report to Doug Ireland, regional manager for San Francisco. Recruited to Barclays Wealth’s Los Angeles office are Ron Jacoby, latterly of JP Morgan, and Larry Roth and Gerald Gallagher, who join from Northern Trust. Jacoby, Roth and Gallagher report to Brian Sears, regional manager for Los Angeles. Completing the raft of hires, Joel Beeders has been appointed to the firm’s Boston office. He joins from Merrill Lynch, prior to which he worked at a number of law firms. These latest hires are part of an ongoing recruitment drive at the wealth management firm. At the end of last year it hired seven advisors with a combined $2.24 billion in client assets to increase its presence in Boston, New York, Atlanta and Chicago. Furthermore, Barclays said at the time it had hired 50 advisors in the Americas over the course of 2010, and would step up its efforts this year and the next. It has some 250 investment representatives in the US at present and 1,550 globally. The company’s network in the US and Latin America comprises 14 offices, including a trust office in Delaware. In the Americas it caters to investors with at least $10 million in investable assets