Barclays Wealth Hires Three Investment Representatives in Chicago

CHICAGO, Feb. 9, 2012 /PRNewswire/ -- Barclays Wealth, a leading global wealth manager by assets under management, is pleased to announce the appointment of three Investment Representatives to its Chicago office, expanding upon the firm's current experience and capabilities in the area.

Stuart Buck, William Scherr and David Yaccino join the firm as Directors from Goldman Sachs, where they were private wealth advisors. Together, the team has over 65 years of experience managing portfolios and providing investment advice for high net worth clients, foundations and endowments. They have a particular focus on single stock risk management and the management of fixed income and equity portfolios. In their new roles, they report to Chris Williams, Managing Director and Regional Manager of the Chicago office.

"We are very pleased to have these three talented Investment Representatives join our firm," said Mitch Cox, Head of Barclays Wealth Americas. "We are dedicated to growing our business in Chicago and across the Americas to cater to our high net worth clientele. Our commitment to investing in highly qualified advisors with strong track records, like Stuart, William and David, enables us to continue to deliver the results our clients are looking to achieve."

Mr. Buck joins Barclays Wealth as a Director, bringing with him 25 years of industry experience providing wealth management and investment services to his clients. Having joined Goldman Sachs in 1987 as a private wealth advisor, Mr. Buck specialized in asset allocation, equity investment management strategies and philanthropic solutions.  He holds a B.Ed. from Chester College of Higher Education in England and an M.B.A. in Finance from the Kelly School of Business at Indiana University.  He is involved in fundraising in the Chicago area for St. Jude Children's Research Hospital.

Mr. Scherr has over 20 years of wealth management experience and joins the firm as a Director, focusing on single stock risk management and equity portfolio management. As a private wealth advisor at Goldman Sachs since 1990, Mr. Scherr structured equity portfolios and oversaw portfolio management for high net worth clients, specializing in single stock risk management. He holds a B.A. from the University of Nebraska and an M.B.A. from the Kelly School of Business at Indiana University. Mr. Scherr also serves as the President of the Board of World Sport Chicago, the legacy organization of the Chicago 2016 Olympic bid that promotes the awareness of and participation in Olympic and Paralympic sports for the youth of Chicago. He was a member of the 1998 US Olympic Wrestling team, earning a bronze medal.

Mr. Yaccino also joins Barclays Wealth as a Director after 17 years at Goldman Sachs, where he was a private wealth advisor focused on fixed income, cash management and alternative investment opportunities. Prior to joining Goldman Sachs in 1995, Mr. Yaccino was an investment banker at Bankers Trust in the Energy Derivatives group. He holds an A.B. in History from Dartmouth College and an M.B.A. in Finance and Accounting from Northwestern University's Kellogg Graduate School of Management.  Mr. Yaccino is on the Board of Visitors for Shady Side Academy in Pittsburgh.

Prior to joining Barclays Wealth, Messrs. Buck and Yaccino were members of Goldman Sachs' Leadership Council, an annual distinction awarded to top-performing advisors within Private Wealth Management. 

"At Barclays Wealth, we continue to invest in our people and the regions in which we do business," said Mr. Williams. "The addition of these talented and seasoned Investment Representatives underscores our commitment to helping our clients in Chicago achieve their investment objectives and goals. I look forward to having such experienced professionals join our Chicago team as we continue to expand in the region."

With 13 offices across the U.S. including the Barclays Wealth Trustees (U.S.), NA., 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 $273bn (170bn pounds Sterling) as of 30 June 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 over 145,000 people. Barclays moves, lends and invests 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 is the wealth management division of Barclays Bank PLC, functioning through Barclays Capital Inc. in the United States. Barclays Capital Inc., an affiliate of Barclays Bank PLC, is a U.S. registered broker-dealer and investment advisor, regulated by the U.S. Securities and Exchange Commission. The registered office of Barclays Capital Inc. is 745 Seventh Avenue, New York, NY 10019. Barclays Bank PLC is registered in England and Wales (registered no. 1026167) with a registered office at 1 Churchill Place, London, E14 5HP, United Kingdom. Barclays Bank PLC is authorized and regulated by the Financial Services Authority. Member SIPC.

SOURCE Barclays Wealth