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  1. Wealth
November 12, 2009

WBrief: BarWealth makes changes at the top

By Spear's

Barclays Wealth has made a number of top-level changes to the management of its UK and Ireland private banking business, this publication can exclusively report.

Barclays Wealth has made a number of top-level changes to the management of its UK and Ireland private banking business, this publication can exclusively report.

The firm has appointed David Semaya as the new head of its UK and & Ireland Private Bank, replacing Mark Kibblewhite, who is retiring from the UK firm next year, although he will remain as part of Barclays Wealth’s advisory board.

Meanwhile, Sir Nigel Rudd has been named chairman of the UK & Ireland Private Bank. Sir Nigel succeeds Lord Fellowes, who is to step down at the end of the year after 10 years in the position, WealthBriefing can reveal.

Sir Nigel was, until April of this year, deputy chairman of Barclays Bank, having taken up the role in 1996. He also chairs companies including automotive retail company Pendragon, airports operator BAA and the technology company Invensys. He has also been chairman of pharmacy, health and beauty group Alliance Boots.

The appointments come at a time when Barclays Wealth and other private banking firms such as Coutts, UBS and Credit Suisse are battling to exploit a rebound in the assets of high net worth individuals following the turmoil of the previous year.

To read the full story, visit wealthbriefing.com

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