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Barclays Wealth Continues Americas Expansion, Hiring Investment Representatives in Los Angeles

"We are delighted to have Dana Jacobs and Alan Vorwald on the Barclays Wealth team," said Mitch Cox, Head of Barclays Wealth, Americas and Head of Global Research and Investments. "The U.S. is the world's number one wealth market, and our Investment Representatives are uniquely placed to provide high net worth clients with expert private wealth management."

"The events of the past few years have significantly altered both the business of private wealth management and the needs and expectations of our high net worth clients. Barclays Wealth has committed to investing over $1 billion globally in the next few years in our people, our platform and our systems in order to deliver best-in-class client experience."

Mr. Jacobs brings more than 16 years of wealth management experience to his new role at Barclays Wealth. Most recently, he worked at HSBC Private Bank for five years. Mr. Jacobs was previously with Credit Suisse and Donaldson, Lufkin & Jenrette. He holds a B.A. from the University of California at Santa Barbara, and an M.B.A. from the Anderson Graduate School of Management at the University of California at Los Angeles.

Mr. Vorwald joins Barclays Wealth from HSBC Private Bank with more than 11 years of industry experience. He was with HSBC for the past five years and previously held positions at Credit Suisse and Donaldson, Lufkin & Jenrette. Mr. Vorwald holds a B.A. from the University of Iowa, and an M.B.A. from Northwestern University.

With 14 offices across the U.S. and Latin America, 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 $241 (151.2bn pounds Sterling) as of 31 December 2009. 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 Group is a major global financial services provider engaged in retail and commercial banking, credit cards, corporate banking, investment banking, wealth management and investment management services with an extensive international presence in Europe, the Americas, Africa and Asia.

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 regulated by the Securities & Exchange Commission. Member SIPC.

SOURCE Barclays Wealth