Barclays Wealth said Thursday that it hired 14 advisors with about $4 billion in total assets under management in New York, Miami, San Francisco, Los Angeles and Boston. The new investment reps join from Merrill Lynch, UBS, JP Morgan, UBS, HSBC, Credit Suisse, Northern Trust and Thomas Weisel Partners.
“The addition of these outstanding teams underscores our commitment to growing through high performing Investment Representatives,” said Mitch Cox, head of Barclays Wealth, Americas, and head of research and investments globally for the firm, in a press release.
"The combination of deep wealth management expertise, a growing business, and direct access for clients to the world-class resources of Barclays globally is compelling for many seasoned advisors who serve the needs of high net worth individuals and families," explained Cox, a former Merrill Lynch executive.
In New York, Steven Sweetwood joins Barclays Wealth from JP Morgan, while Robert Meenan and Shlomi Yedid come on board from Merrill Lynch.
The three new Barclays Wealth advisors will report to Mark Stevenson, regional manager for the New York office.
In Miami, Louis Tinoco joins Barclays Wealth from UBS, while Ruben Lesmes joins the firm from HSBC. They will report to Marilyn Gonzalez, regional manager for Miami.
In San Francisco, Alex Witherill and Matt Hodus come on board from Credit Suisse.
Also joining the Northern California team are Christopher Bender, John Show and Peter Kong, joining from Thomas Weisel Partners.
All five new San Francisco-based investment representatives report to Doug Ireland, the area’s regional manager.
In Los Angeles, Ron Jacoby joins Barclays Wealth from JP Morgan, while Larry Roth and Gerald Gallagherare hired from Northern Trust. The three report to Brian Sears, regional manager for Los Angeles.
In Boston, Joel Beeders joins Barclays Wealth from Merrill Lynch.
“We are delighted to welcome these highly experienced professionals to Barclays Wealth,” said Steve Houston, who oversees the regional offices and investment representatives as head of wealth management for the Americas, in a press release.
With more than 250 advisors or investment reps in 14 offices across the U.S. and Latin America with some $255 billion in assets under management, including its trust office in Delaware, Barclays Wealth in the Americas aims to provide comprehensive wealth management to high net worth individuals and families.