Barclays Hires Investment Representative Team in Los Angeles
Matthew Celenza, Managing Director, and Larry DiGioia, Director, join Wealth and Investment Management Division
NEW YORK, April 2, 2012 /PRNewswire/ -- The Wealth and Investment Management division of Barclays is pleased to announce the hire of two Investment Representatives to its Los Angeles office, as it grows rapidly in the metropolitan Los Angeles region.
Matthew Celenza and Larry DiGioia join the firm from Morgan Stanley Private Wealth Management where they catered to ultra high net worth individuals and their families. Together, the team has more than 40 years of experience managing portfolios and providing comprehensive wealth management advice including asset allocation, customized credit solutions, risk management, trust and estate planning and philanthropic services. They report to Brian Sears, Managing Director and Regional Manager for Los Angeles.
"We are very pleased to welcome these highly talented Investment Representatives to our firm," said Mitch Cox, Head of Wealth Management, Americas for Barclays. "Serving the ultra high net worth population in Los Angeles and Southern California is an integral part of our strategic plans in the Americas. Our unique combination of custom wealth management, rich intellectual capital and direct access to the global resources of Barclays continues to attract top-performing advisors, like Matthew and Larry, as well as their clients, who seek a world-class platform with the high touch of a boutique."
Mr. Celenza, a Managing Director, brings 15 years of wealth management experience to Barclays. He is focused on delivering the highest level of service to his clients in the ultra high net worth market place. While at Morgan Stanley from 1998 - 2001, Mr. Celenza helped develop the architecture to service their largest clients. He then moved to Citi Family Office in Los Angeles, and subsequently served ultra high net worth clients as a private wealth advisor at Morgan Stanley and Smith Barney. Four years ago, Mr. Celenza co-founded with Mr. DiGioia The Wilshire Group, a team serving ultra high net worth individuals and families with a full suite of wealth management and planning capabilities. Mr. Celenza holds a B.A. in Finance with honors from Niagara University. He sits on the board of A Better LA and is a volunteer coach with the American Youth Soccer Organization.
Mr. DiGioia, a Director, joins Barclays with 23 years of wealth management experience. He began his career in 1987 with Lehman Brothers where he spent nine years. Mr. DiGioia later served his ultra high net worth clientele at Merrill Lynch then Smith Barney, where he co-founded The Wilshire Group with Mr. Celenza. Mr. DiGioia focuses on the customization of strategies for ultra high net worth individuals, particularly corporate executives and founders of publicly traded companies, assisting them with restricted, control and concentrated securities transactions, new issues and block trades. A native of Brooklyn, New York, he holds a B.A. in Business from Pace University.
Since joining Barclays as Regional Manager for Los Angeles, in September 2010, Mr. Sears has been focused on growing the regional business and has doubled the size of the office. In the past six months, the following ultra high net worth advisors have joined the office: Lisa Amster from Goldman Sachs; Audra Lalley from Morgan Stanley Private Wealth Management; Mark T. Lindee from Wells Fargo; and Kevin Monaco, David Garfin and Scott Madison from Credit Suisse Private Banking.
"We continue to invest in our people and the regions in which we do business," said Mr. Sears. "The addition of experienced teams, such as Matthew and Larry, further underscores our commitment to delivering Barclays capabilities, in a customized way, to the ultra high net worth individuals and families of Southern California. I look forward to having these professionals join our Los Angeles office as we continue growing."
Mr. Sears joined Barclays 18 months ago from Neuberger Berman where he was Global Co-Head of Distribution for Alternative Investments. Prior to that, he was an investment advisor at Goldman Sachs, Merrill Lynch and Lehman Brothers. He holds an M.B.A. from Columbia Business School and a B.S. in Economics from the United States Naval Academy.
With 13 offices across the U.S. including the Barclays Wealth Trustees (U.S.), NA., the Wealth and Investment Management division of Barclays provides comprehensive wealth management to high net worth individuals and families. The firm focuses on understanding its clients' financial needs, personal aspirations and tolerance for risk in order to design and implement highly customized investment solutions.
Barclays moves, lends and invests money for customers and clients worldwide. With over 300 years of history and expertise in banking, we operate in over 50 countries and employ over 140,000 people.
Our customers and clients benefit from access to the breadth of expertise across Barclays. We are one of the largest financial services providers in the world, engaged in retail banking, credit cards, corporate and investment banking, and wealth and investment management.
We are a leading global wealth and investment manager providing international and private banking, wealth planning, trust and fiduciary services, investment management, brokerage services and research to private and intermediary clients around the world.
"Barclays" refers to any company in the Barclays PLC group of companies.
Barclays offers wealth management products and services to its clients through Barclays Bank PLC ("BBPLC"), functioning in the United States through Barclays Capital Inc. ("BCI"), an affiliate of BBPLC. BCI is a registered broker dealer and investment adviser, regulated by the U.S. Securities and Exchange Commission, with offices at 200 Park Avenue, New York, New York 10166. Member FINRA and SIPC. Barclays Bank PLC, registered in England and Wales (no. 1026167), has a registered office at 1 Churchill Place, London, E14 5HP, United Kingdom, and is regulated by the Financial Services Authority.
Mortgage products and services in the U.S are offered by Barclays Bank Delaware ("BBD"), member FDIC. Custom lending is offered via BBPLC, New York Branch. Securities investing and brokerage products and services are offered exclusively through BCI. A relationship with the Barclays Wealth and Investment Management unit need not be established or maintained to obtain BBD or BBPLC, New York Branch products or pricing. Bank regulations require that the loan review and approval proves to be independent of, and cannot be impacted by, brokerage/investment-related matters or other business dealings.
Trust and fiduciary services are offered through Barclays Wealth Trustees (U.S.), N.A. ("BWT") a limited purpose national bank. BWT is subject to regulation and examination by the Office of the Comptroller of the Currency. BWT is an indirect, wholly-owned subsidiary of BBPLC and an affiliate of BCI and various other subsidiaries of, and entities affiliated with, BBPLC.
This is not a solicitation of any products or services.
More by this Source
Barclays Continues To Expand Its Wealth And Investment Management Team
Feb 07, 2013, 09:30 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.