Barclays Expands Its Wealth And Investment Management Team In New York

NEW YORK, May 16, 2012 /PRNewswire/ -- Barclays announced today that it has hired four Investment Representatives who will be based in New York in the Wealth and Investment Management division. The new hires will report to Mark Stevenson, Managing Director and Regional Manager for New York.

Mark Leyton joins Barclays as a Managing Director from Deutsche Bank's Private Wealth Management division. At Deutsche, Mr. Leyton focused on creating customized solutions for ultra high net worth individuals, corporate executives and professional investors. Prior to joining Deutsche in 2004, he advised high net worth clients at Salomon Smith Barney and Lehman Brothers. Mr. Leyton holds a B.A. in Economics from Union College in New York.

Zach Shillingford, a Director, joins from Deutsche Bank's Private Wealth Management division. Prior to joining Deutsche in 2005, he was an advisor to high net worth clients at Janney Montgomery. Mr. Shillingford holds a B.A. in Economics from Villanova University.

Gannon McCaffery, a Vice President, joins Barclays from Deutsche Bank. In his previous role in Deutsche Bank's U.S. Private Institutional Client Group, Mr. McCaffery offered capital market solutions to ultra high net worth clients and family offices. Prior to joining Deutsche in 2010, he worked for five years in the Investment Bank at Barclays where he focused on the structuring and distribution of fixed income products. Mr. McCaffery holds a B.A. in Economics from the University of Virginia.

Darin Laub joins Barclays as a Vice President, after 13 years at Morgan Stanley Smith Barney. Mr. Laub was a financial advisor serving high net worth individuals and families. Prior to joining Morgan Stanley, he worked at Prudential Securities in the Private Client Group. Mr. Laub holds a B.A. in Political Science from Boston University.

"We are confident that these first-class Investment Representatives will deliver Barclays capabilities, in a customized way, to our ultra high net worth individuals and families," said Mitch Cox, Managing Director, Head of Wealth Management, Americas, for Barclays. "The addition of these experienced Investment Representatives further underscores our ability to continue to attract top performing advisors to Barclays world-class platform. We look forward to working with these professionals and having them join our growing New York office," added Steve Houston, Managing Director, Head of Sales Management, Americas.

With 13 offices across the United States, including our trust office in Delaware, Barclays Wealth Trustees (U.S.), N.A., the Wealth and Investment Management division of Barclays, provides comprehensive wealth management to high net worth individuals and families in the Americas. 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

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.

* As of March 31, 2012

SOURCE Barclays