Edward Moldaver Joins Barclays Wealth And Investment Management Division In New York

- Barclays also hires five-person team from Morgan Stanley Smith Barney including Wayne Chrebet, a former New York Jets player -

Sep 05, 2012, 10:00 ET from Barclays

NEW YORK, Sept. 5, 2012 /PRNewswire/ -- Barclays announced today the appointment of Edward Moldaver, Managing Director, and his team to its Wealth and Investment Management division. Based in New York, Mr. Moldaver reports to Mark Stevenson, Managing Director and Regional Manager for New York. The team, which includes Wayne Chrebet, former New York Jets player, comes to Barclays from the Global Wealth Management division of Morgan Stanley Smith Barney.

"We are very pleased to welcome this talented team of wealth management professionals to our firm," said Mitch Cox, Head of Wealth Management, Americas for Barclays. "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, as well as their clients, who seek a world-class platform."

Edward Moldaver brings 25 years of diverse experience within wealth management. At Morgan Stanley Smith Barney, which he joined in 2008, he founded the Moldaver 80 Group, a team of six wealth management professionals providing investment, brokerage and banking services to high net worth individuals and families. During this period, Mr. Moldaver was ranked in Barron's 2012 list of America's Top 100 Financial Advisors1 and as Barron's #1 financial advisor in the New Jersey list of Top 1000 Advisors 2012: State by State.2

Prior to Morgan Stanley Smith Barney, Mr. Moldaver was a Senior Managing Director at Bear Stearns' Private Wealth Client Services Group for six years. He holds a B.S. degree in Economics and Finance from Widener University, and holds a Certified Investment Management AnalystSM (CIMA®) from the Wharton School at the University of Pennsylvania,3 and a Certified Portfolio Managers (CPM®) certification from Columbia University.4

Mr. Moldaver is the Treasurer and a member of the Board of Trustees of the Guardian Angels, a non-profit international volunteer organization, and was awarded the CyberAngel of the Year Internet Safety Award in 2007.

Wayne Chrebet, a former wide receiver with the New York Jets, joins Barclays as an Assistant Vice President. He worked with Mr. Moldaver at Morgan Stanley Smith Barney for four years serving high net worth and ultra high net worth individuals. Prior to joining the wealth management industry, Mr. Chrebet was with the National Football League and played eleven seasons for the New York Jets. He received the New York Newsday's "Jet of the Year," the Dennis Byrd Award for "Most Inspirational Player," and the New York Jets "Unsung Hero" award, among others.  Mr. Chrebet has also been involved with The Colleen Giblin Foundation, The United Way, The Boomer Esiason Foundation, The Starlight Foundation and the Make-A-Wish Foundation.

James J. Lee also joins as an Assistant Vice President. He previously worked with Mr. Moldaver at Morgan Stanley Smith Barney and Bear Stearns' Private Wealth Client Services Group and brings with him 12 years of experience in portfolio management, including fixed income, equity, asset allocation strategies and monitoring clients' financial plans.

Mary Silwa, Mary Bennett and Joseph Tahmoosh also join Barclays as Client Service Analysts, having worked with Mr. Moldaver at Morgan Stanley Smith Barney.

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.

To learn more about Barclays including Ed Moldaver, Wayne Chrebet and the team please visit: http://www.barclayswealth.com/americas/new-york-team.htm

1 Barron's "Top 100 Financial Advisors," April 16, 2012, Barron's bases the "Top 100" rankings on qualitative criteria: professionals with a minimum of seven years financial services experience, acceptable compliance records, client retention reports, customer satisfaction, and more. Financial Advisors are quantitatively ranked based on varying types of revenues and assets advised by the financial professional with weightings associated for each. Because individual client portfolio performance varies and is typically unaudited, this ranking focuses on customer satisfaction and quality of advice.

2 Barron's "Top 1,000 Advisors," February 20, 2012, as identified by Barron's magazine, using quantitative and qualitative criteria and selected from a pool of over 4,000 nominations. Advisors in the "Top 1,000 Financial Advisors" have a minimum of seven years of financial services experience. Qualitative factors include, but are not limited to, compliance record, interviews with senior management, and philanthropic work. Investment performance is not a criterion.

The rankings above may not be representative of any one client's experience, nor are they indicative of the Investment Representative's future performance.

3 Investment Management Consultants Association, Inc. owns the marks CIMA®, Certified Investment Management Analyst (with graph element)®, and Certified Investment Management Analyst.

4 Certified Portfolio Manager is a registered trademark of the Academy of Certified Portfolio Managers.

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