13 October 2011
Barclays Wealth, for the last year and a half, has been bolstering staff around the world to service Latin America in an effort to capture new wealth sprouting up throughout the region.
The London-based private banking arm’s most recent hire was Narciso Muñoz, based in Miami, as an investment representative. He joins from HSBC’s International Private Bank, where he focused on Argentina for both individual and institutional clients. The bank earlier this year also hired Daniel Esslinger as managing director and head of Latin America Relationship Management and Distribution in the Americas, also based in Miami at 1111 Brickell Ave.
The bank has also added Isaac Topel and Andres Cazenave in its Geneva, Switzerland offices to serve Latin America. They join from JP Morgan, where they served Switzerland-based Latin American ultra high-net worth clients. Barclays’ Latin American business is support by 13 offices in the Americas, including Miami, New York and Houston, and has about 70 investment representatives and bankers globally.
“Over the last decade, Latin America has seen extensive growth in the wealth market and for Barclays this is a priority area for expansion as we continue to build our global wealth management business,” said Steve Houston, head of Barclays Wealth Management, Americas, in a statement.
Barclays Wealth has hired 100 investment representatives over the past two years, several new regional managers and other executive positions as it looks to grow its Americas business, according to a report in Reuters. In the U.S., Barclay’s has a total of 250 investment representatives across 13 offices and globally manages $272 billion in client assets.