S&P Capital IQ Power Moves

Barclays Wealth announced the appointment of Shajikumar Devakar as director in Bengaluru, India.

Devakar, who has more than 12 years of experience in financial services, will be responsible for developing and servicing high net worth clients in Bangalore and the region. In addition, he will also manage a team of private bankers in the region and will lead the business development initiatives. In this role, he reports to Vishal Jain, managing director, based in Mumbai.

Devakar has worked with organizations like HDFC Bank, Citi, HSBC and Deutsche. Before joining the company, he was director at Deutsche Bank in Bangalore. -India Infoline

Barclays Wealth has appointed Faisal Shaker as head of wealth for Barclays Saudi Arabia (BSA).

Shaker will champion the development of the wealth management activities of Barclays Saudi Arabia ranging from wealth management activities and client service capabilities to the development and implementation of the Saudi wealth management strategy. Additionally, he will ensure that the governance framework surrounding the wealth management business in Saudi Arabia is robust and consistent with the capital market authority regulations as well as internal policies and procedures of the global Barclays Wealth. He will report to Rory Gilbert, managing director, head of MENA for the international private bank.

Prior to joining Barclays, Shaker was head of wealth management for Audi Capital Saudi Arabia.

Barclays Wealth Management has appointed Paul Fleming as head of strategic partnerships, focussing on strengthening relationships with key business introducers.

In his new role, Fleming will head Barclays Wealth’s drive to strengthen relationships with the accountancy and legal firms across both the bank’s UK and Ireland private bank and international division, alongside its wealth advisory arm. He will report to Graham Nicoll, head of business development.

Fleming is an eight-year veteren and former executive of PricewaterhouseCoopers. He most recently served as head of strategic partnerships, responsible for ensuring the implementation of strategic goals, among other things. -Global Banking News

Barclays Wealth announced that it has added Joseph Danowsky as a managing director and head of solutions for the Americas.

In this new role, Danowsky is responsible for delivering solutions on stock-related holdings to high net worth individuals as well as corporations, venture capital, and private equity funds. He reports to Paul Morton, head of capital markets, operating platforms and business strategy for Barclays Wealth in the Americas.

Danowsky joined Barclays Wealth where, beginning in 2001, he helped develop the firm’s advisory services/wealth management group as a senior managing director. Previously, he worked in a similar role at J.P. Morgan Securities for three years. Prior to that, he worked at Bear Stearns for more than two decades. -PR Newswire

Barclays Wealth Management appointed Fabian Neo as head of foreign exchange advisory, Asia.

Neo provides strategic leadership to the teams in Hong Kong and Singapore, oversees foreign exchange advisory services, and handles the execution of related products.

Neo joined Barclays Wealth Management from Credit Suisse, where he was regional head of North Asia advisory. Moving to Hong Kong, he led onshore foreign exchange product developments in China and Japan.

The company also appointed Chi Lee as director, head of active advisory and investment solutions, North Asia.

In addition to managing the Hong Kong active advisory team, Lee will work closely with the North Asia market head and regional bankers.

Lee was previously head of private bank and wealth management Asia for Bank of Montreal in Hong Kong. -South China Morning Post

Barclays Wealth Management named Amaury Hendrickx as director and Jad Fadl as vice president in the strategic solutions group, which serves UHNW clients by leveraging the capabilities of Barclays Capital and Barclays Corporate.

In his new role, Hendrickx will focus on the investment club proposition of SSG, which provides clients with strategic unlisted equity investment opportunities, access to specialist funds, and bespoke co-investment opportunities. He joins from Merrill Lynch Global Private Equity, where he was a director of global private equity.

In his new role as solutions specialist, Fadl will provide technical and specialist product knowledge and act as the interface between IBD/corporate professionals and Barclays Wealth bankers and clients. Fadl was previously with Citi for seven years, across corporate banking, IBD and the IBD-private bank partnership team.

Based in London, Hendrickx and Fadl will report to Solomon Soquar, who joined Barclays Wealth as head of SSG in February 2011. -Global Banking News

Barclays Wealth Management announced the appointment of Rory Gilbert as managing director, head of Middle East and North Africa (MENA) for international private banking. He replaces Soha Nashaat, who has moved to a senior client relationship and strategic advisory role for Barclays Wealth in the MENA region.

Gilbert will be responsible for developing the Barclays wealth business while ensuring that priority remains focused on offering best-in-class advice and service to clients across the MENA region. He will report to Emmanuel Fievet, head of Barclays Wealth international private banking, EMEA and to John Vitalo, chief executive of MENA for Barclays.

Gilbert previously worked as head of the UK & Ireland private bank high net worth business and was a member of the Barclays UK & Ireland management committee since 2007. Prior to joining Barclays Wealth, he served as a private banker at UBS Wealth Management and as an investment manager at Goldman Sachs.

On 10 August 2011, Barclays Wealth, the global wealth management division of Barclays, has appointed Anne Luke as managing director, head of client solutions, Asia. She will be based in Singapore.

In this role, Luke will work closely with various units across the Barclays group to drive the origination, structuring and delivery of bespoke private investment banking solutions to ultra high net worth clients. She will report to Srinivas Siripurapu, head of South Asia and Southeast Asia, as well as to Pakorn Boonya-kurkul, head of North Asia.

In a career spanning more than 20 years, Luke has gained significant experience in private banking, investment banking, as well as in private legal practice. -ENP Newswire

Barclays Wealth Management named Christian Berchem as managing director, head of high net worth for UK & Ireland private bank.

Based in London, Berchem will join the firm in September and will report to David Semaya, head of UK & Ireland private bank.

With over 20 years experience, Berchem joins Barclays from JP Morgan where he worked most recently as co-head of European sales, following the acquisition of Cazenove, and as head of European equity sales from 2006 to 2010. -Global Banking News

Barclays Wealth Management has appointed five bankers to its International Private Banking division, based in Geneva.

Mike Ferguson joins as managing director.

Sylvie Orsatti, Sana Al-Habal, Philippe Sala and Fawziyah Khazal all join as director-level private bankers.

All five join from Lloyds TSB International Private Banking.

Barclays Wealth Management has appointed Peter Arkell as a director of high net worth business and Fred Lane as a vice president.

Both Arkell and Lane will be based in London and will join Barclays Wealth over the course of the next couple of months.

Arkell joins from Credit Suisse where he sourced and managed entrepreneurial clients for over four years.

Lane also joins from Credit Suisse, where he managed wealth for private individuals with a focus on finance market professionals, particularly hedge fund managers and private equity individuals. -Datamonitor NewsWire

Barclays Wealth Management announced that Benjamin Yeo has been appointed as head of research, economics and strategy for Asia.

Eddie Tan has been appointed as director for Singapore/Malaysia. -Global Banking News

Barclays Wealth announced the appointment of Julia Church as head of Guernsey within its wealth advisory division. In this role, Julia will be responsible for managing the local Guernsey platform with a focus on deepening and broadening relationships with its large and complex clients. Based in Guernsey, she joins this month and will report to Walter Coxon, managing director, wealth advisory. Julia joins Barclays Wealth from Credit Suisse Trust in Guernsey where she was board director. Whilst there, she was responsible for trust management, providing complex structured solutions to a globally diverse portfolio of high net worth clients and was also company secretary to the Credit Suisse Trust Group of Companies in Guernsey.

Barclays Wealth Management announced it has added seven investment representatives in its Boston, New York, Chicago and Atlanta offices.

James Egan joins Barclays Wealth as a director and investment representative in Boston.

Egan has 20 years of wealth management and sales experience. He was most recently a principal in the senior investment advisor group at Bernstein Global Wealth Management where he focused on high net worth families. He joined Bernstein in 2004 to help expand the firm’s New England presence.

Michael Reiser also joins as a director and investment representative in Boston.

Reiser has 16 years of wealth management experience. He was most recently at Wilmington Trust where he was a managing director and chief investment officer for the Northeast region. He previously held senior roles in portfolio management and equity research at Bingham Legg Advisors and Derby and Company.

Ria Hart joins the Boston team as a vice president and an investment representative. She will work together with Egan and Reiser.

Hart joins from Wilmington Trust with an expertise in equity research and portfolio management. Previously, she held roles at Bingham Legg Advisors, Wellington Management and Brown Brothers Harriman.

George Kolodka joins Barclays Wealth as a director and an investment representative in New York.

Kolodka has 29 years of financial services industry experience. He spent the past nine years as a principal and senior advisor at Bernstein Global Wealth Management. Prior to that, he led marketing for State Street Global Advisors’ New York office and held senior marketing roles at both Haven Capital Management and American Asset Management.

Jamie Weeks III and Hunter Hamm join Barclays Wealth as investment representatives in Atlanta, reporting to Linda Eydt, regional manager for Atlanta.

Weeks, a director, brings over 14 years of industry experience to his new role. For the last eight years he worked at UBS Global Asset Management where he was responsible for mutual fund, managed account and hedge fund sales in the Southeast. Prior to that, he served as a Regional director at SunAmerica Mutual Funds.

Hamm, a vice president, has over 13 years of experience in private wealth management, capital markets and public accounting. Most recently, he was a financial advisor in the private wealth management division at UBS Financial Services. He previously worked at Terminus Asset Management Company, specializing in managing portfolios of structured securities, SunTrust Robinson Humphrey and Arthur Andersen.

Michael D. Schwartz joins Barclays Wealth as a vice president and an investment representative in Chicago, reporting to Chris Williams, regional manager for Chicago.

Schwartz joins from JP Morgan Private Wealth Management, where he led a team advising high net worth families and business owners for the past two years. Prior to that, he worked at National City as a client advisor in the private client group and as a relationship manager in the middle market group.

Barclays Wealth has also appointed John Cregan as a director and regional manager, Palm Beach.

In this new role, Cregan will manage all aspects of the Palm Beach office, reporting to Steve Houston, who, as head of wealth management, oversees the firm’s regional managers and investment representative network in the Americas.

Cregan joins Barclays Wealth from Hotchkiss Associates, where he served as CEO and portfolio manager since 2001. -PR Newswire

Barclays Wealth Management announced a senior appointment within its global research & investments team.

Mike Haslam joins as the head of long-only distribution, focusing primarily on the UK & Ireland and international private banking (EMEA) businesses.

In this role, Haslam will work with the product origination and investment advisory teams within global research & investments to deliver long-only solutions to bankers and their clients, in alignment with their needs and objectives, on which they give guidance through investment philosophy framework. He will report to Craig Lewis, EMEA head of relationship management & distribution.

Haslam joins Barclays Wealth from Gartmore, where he was their investment marketing specialist, and he has held similar roles at M&G and Threadneedle, focusing primarily on their long-only equity and bond products. -ENP Newswire

Barclays Wealth Management has named Brian Sears as a managing director and regional manager for Los Angeles.

Sears will be responsible for managing all aspects of the Los Angeles branch and growing its regional business. He will report to Steve Houston, head of wealth management, Americas, who oversees the regional branch offices and investment representatives network.

Sears joins the bank from Neuberger Berman in New York, where he was most recently global co-head of distribution for alternative investments. -Global Banking News

Barclays Wealth Management announced that Donald Gershuny has joined as a managing director and general counsel, Americas. Peter Reynolds has joined as a managing director and chief risk officer, Americas.

Gershuny brings to his role broad regulatory and banking experience, accumulated over four decades in financial services, including 34 years at Merrill Lynch. Most recently, he served as general counsel for global wealth management at Bank of America Merrill Lynch, where he was responsible for all legal, regulatory and compliance services for wealth management.

Reynolds, who has a wide range of banking and regulatory experience, focused on risk. For the past three years, he served as head of regulatory risk and compliance for RBS Americas. Prior to that, he worked at Citigroup for a decade in several risk positions including global head of risk and control for the private bank. -PR Newswire

Barclays Wealth Management announced the appointment of Thelma Kwan as head of wealth advisory, Asia Pacific.

Based in Hong Kong, Kwan will head the team of trust consultants in Hong Kong and Singapore, and oversee the provision and marketing of trust structuring and wealth advisory services to Barclays Wealth high net worth and ultra high net worth clients across Asia. She reports to London-based Rob Withecombe, Barclays Wealth head of wealth advisory, as well as to Didier von Daeniken, chief executive of Barclays Wealth Asia Pacific.

Prior to joining Barclays Wealth, Kwan was at LGT Management Services where she was executive director of trust services for the past three years. In that role, she was responsible for leading a team of trust consultants in marketing trust solutions to private banking clients in Asia.

Barclays Wealth has appointed Stefanie Drews as managing director and head of ultra high net worth (UHNW), UK and Europe, Middle East and Africa (EMEA).

Ms. Drews will be responsible for continuing the buildup of the UHNW team, which works across the Barclays corporate, investment banking and wealth management business to offer bespoke banking and investment solutions for UHNW clients.

Ms. Drews joins from Morgan Stanley Wealth Management, where she spent last 13 years, most recently as a managing director in the EMEA region.