Barclays Wealth Continues Build Out in the Americas With Five Investment Representative Hires

NEW YORK, May 18, 2011 /PRNewswire/ -- Barclays Wealth, a leading global wealth manager by assets under management, is pleased to announce the addition of five Investment Representatives in its Philadelphia, Chicago and Atlanta offices.

"We welcome these highly experienced wealth professionals," said Mitch Cox, Head of Barclays Wealth, Americas, and Head of Research and Investments globally for the firm. "We continue to find that our combination of wealth management experience, business growth, and direct access to the world-class resources of Barclays globally, is a compelling platform for seasoned advisors serving the needs of high net worth individuals and families."

Philadelphia

Rosalie Hunter joins Barclays Wealth as a Managing Director from J.P. Morgan, bringing over 25 years of wealth management experience. Ms. Hunter had worked at J.P. Morgan since 2002 advising ultra high net worth individuals, multi-generational families and corporate executives as clients of the Private Bank. Previously, Ms. Hunter spent 10 years in wealth management at Credit Suisse and its predecessor company Donaldson, Lufkin & Jenrette. She holds an M.B.A. from LaSalle University and a B.A. from Ohio Wesleyan University. Ms. Hunter serves on the Board of Trustees at Springside School and Chestnut Hill Academy, Philadelphia.

Bill McCormack also joins Barclays Wealth from J.P. Morgan, with over 14 years of wealth management and financial services experience. His most recent role at J.P. Morgan was Senior Investor and Market Team Leader for the Private Bank's Mid-Atlantic Region. Previously, he served as Director of Institutional Sales and Client Service for Gardner Lewis Asset Management. Mr. McCormack holds an M.B.A. from the University of Virginia, an M.A. from Georgetown University and a B.A. from Princeton University.

Ms. Hunter and Mr. McCormack report to Scott Sheffer, Regional Manager for Philadelphia.

Chicago

Brian Maddox joins Barclays Wealth as a Managing Director from Morgan Stanley Smith Barney, bringing 29 years of wealth management experience to the firm. Mr. Maddox started his wealth management career at Merrill Lynch in 1982 and joined Morgan Stanley Smith Barney (then Smith Barney) in 1986 where he gained extensive experience advising high net worth clients, foundations, family offices as well as pension funds, investment advisors, closed end funds and mutual funds. Mr. Maddox holds a B.A. from Drake University. He serves on the GALApalooza Committee for the Parkways Foundation in Chicago.

Michael Schafer joins Barclays Wealth from Goldman Sachs bringing over nine years of financial services experience to this new role. Mr. Schafer joined Goldman Sachs in 2002 and he specialized in advising clients on money market and short duration fixed income investments. Mr. Schafer holds an M.B.A. from Northwestern University and a B.S. from the University of Illinois.

Mr. Maddox and Mr. Schafer both report to Chris Williams, Regional Manager for Chicago.

Atlanta

Jonathan Pakula joins Barclays Wealth from UBS, bringing over two decades of wealth management experience. Mr. Pakula joined UBS in 2000 as part of its acquisition of Paine Webber. Mr. Pakula holds a B.A. from Washington & Lee University. He reports to Atlanta Regional Manager Linda Eydt.

"We are delighted to welcome these seasoned Investment Representatives to Barclays Wealth," said Steve Houston, who oversees the regional offices and Investment Representative network in his role as Head of Wealth Management, Americas.

With 14 offices across the U.S. and Latin America, including its trust office in Delaware, Barclays Wealth in the Americas 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.

About Barclays Wealth

Barclays Wealth is a leading global wealth manager, and the UK's largest, with total client assets of $266bn (166bn pounds Sterling) as of March 31, 2011. With offices in over 20 countries, Barclays Wealth focuses on private and intermediary clients worldwide, providing international and private banking, investment management, fiduciary services and brokerage.

Barclays is a major global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management with an extensive international presence in Europe, the Americas, Africa and Asia. With over 300 years of history and experience in banking, Barclays operates in over 50 countries and employs 147,500 people. Barclays moves, lends, invests and manages money for customers and clients worldwide

For further information about Barclays Wealth, please visit our website www.barclayswealthamericas.com.

Twitter page: www.twitter.com/barclayswealth

Barclays Wealth, the wealth management division of Barclays Bank PLC, functions in the U.S. through Barclays Capital Inc., an affiliate of Barclays Bank PLC. Barclays Capital Inc. is a registered broker dealer and investment adviser, regulated by the U.S. Securities and Exchange Commission. Member FINRA/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.

SOURCE Barclays Wealth