Nov 5 Barclays Plc said on Monday that
it had hired 17 financial advisers from large rivals as the
British bank strengthens its wealth management presence in the
The new hires, spread across eight different Barclays'
offices in the United States, managed $9.4 billion in client
assets at their previous jobs, bringing in almost $40 million in
revenue in the last year.
In New York, Barclays hired Tom Dexter from Merrill Lynch
Wealth Management. Dexter previously worked as an
adviser for Morgan Stanley Wealth Management and
Friedman, Billings, Ramsey & Co.
Also in New York, Barclays hired Brett Fleckman, formerly of
J.P. Morgan Private Bank, and Mark O'Shea, formerly of
Morgan Stanley Wealth Management. Those hires came after
Barclays announced in September that it hired Edward Moldaver in
New York from Morgan Stanley Wealth Management.
Here is an overview of Barclays' other hires:
-In Los Angeles, the bank hired Jonathan Bates from J.P.
Morgan, where he specialized in municipal bonds, working with
high-net-worth individuals and middle-market institutions. Bates
previously worked at Citigroup Inc.
-In San Francisco, Barclays hired Hugh Beecher from Credit
Suisse's private banking division. He previously
worked in the equities division of Goldman Sachs and
founded Beecher Investment Management.
-In Boston, Barclays hired four advisers from J.P. Morgan
Private Bank: Patrick Delahunty, Timothy King, Tim Humphrey and
-In Dallas, Barclays hired three advisers from Credit
Suisse's private banking division: Noble Nash, Mike Whorton and
-In Atlanta, Barclays hired Scott Macolino from SunTrust
Investment Services. He previously worked as a financial
consultant at Merrill Lynch.
-In Miami, Barclays hired Carlos Gallo and Jeannie
Adams-Camblin from the international division of UBS Financial
Also in Florida, Barclays hired two advisers from Morgan
Stanley Wealth Management: Irl Solomon for its Miami office and
Clark Appleby for its Palm Beach office.
Barclays' wealth and investment management division has 13
offices in the United States, including its trust company