Barclays Continues to Expand its Wealth and Investment Management Presence in the U.S. With the Opening of its Beverly Hills Office

NEW YORK, Feb. 6, 2013 /PRNewswire/ -- Barclays announced today the opening of its office in Beverly Hills, as part of the organization's continued efforts in growing its Wealth and Investment Management business in the Americas.

"We remain focused on strengthening our wealth management offering in the Americas," said Mitch Cox, Head of Wealth Management, Americas for Barclays. "Growth in Southern California continues to be a priority for Barclays and underscores our commitment to delivering highly customized investment solutions to serve the complex needs of ultra-high-net-worth clients in the region."

Located at 245 North Beverly Drive, the new office will be managed by Brian Sears, Managing Director and Regional Manager for Los Angeles. Watt Webb and Warren Cohn, who recently joined Barclays, will be joined by Scott Madison and Jonathan Bates, from Barclays' New York and Century City, Los Angeles offices respectively, to service clients out of the Beverly Hills office.

"The Beverly Hills office expands the Barclays footprint in the Southern California region," said Brian Sears, Managing Director and Regional Manager for the Los Angeles and Beverly Hills offices. "Los Angeles County has the second largest population of ultra-high-net-worth individuals in the U.S. and we are uniquely positioned to serve their distinct needs through our offices in Century City and Beverly Hills."

In addition to providing financial services, Barclays' employees are encouraged to engage in community services throughout the world. All employees in the Los Angeles region recently participated in several charitable events including a toy drive for the Toys for Tots program, and volunteering their personal time at the local World Harvest Food Bank and the Wildlife Waystation, a non-profit animal sanctuary.

With 14 offices across North America 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. Barclays focuses on understanding its clients' financial needs, personal aspirations and risk tolerance in order to design and implement highly customized investment solutions.

About Barclays

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.

SOURCE Barclays