Barclays Wealth has placed private banking
veteran Robert Lynch in charge of credit structuring in the
Americas as it expands its wealth offering in the region.

The newly-created role sees Lynch take charge
of developing a credit structuring and lending platform to improve
its US offering and provide clients in the Americas with a range of
credit solutions and deposit products.

Lynch has three decades of experience in
credit and 17 in private banking, most recently at Bank of America
US Trust. He will be working on originating and implementing new
products.

He reports to Paul Feidelson, head of the
product office, and Torben Nielsen, head of balance sheet.

“Intelligent credit solutions will be an
increasingly significant part of our overall client offering in the
Americas,” said Torben Nielsen, Head of Balance Sheet, Barclays
Wealth.

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“With Bob’s experience and the strength of the
Barclays Wealth credit platform globally, we will develop top class
products tailored to our clients’ needs.”

Barclays gained wealth management operations
in Latin America as part of the deal which saw it buy part of
Lehman Brothers’ North American investment banking and capital
markets operations for $250 million.

The move comes following a reorganisation of
the bank’s operations in Hong Kong and Singapore last month.

It shed around 30 jobs as it merged its Wealth
Intermediaries unit into the international private bank and
recently appointed Joanna Chu as managing director and co-head of
north Asia, with Philip Fan. They report into Barclays Wealth’s
head of Asia-Pacific, Didier von-Daeniken.

Other significant senior industry recruitment
news includes a Bloomberg report that Ellyn McColgan, president of
Morgan Stanley’s global wealth management unit, may quit the
company.

Bloomberg cited a memo written by Morgan
Stanley co-president James Gorman and CEO John Mack, saying she was
pursuing other avenues following the decision to merge Morgan
Stanley with Citi’s Smith Barney brokerage.

 

Recruitment

Senior moves, January (sorted by new
employer)

Country

Name

Moved from

Moved to

Old position

New position

US

Eric Callen

Credit Suisse

Leave of absence

Head of global hedge funds

Switzerland

Bernard Sontag

SG Private Banking

Unknown

Head of Swiss private banking

UK

Adrian Gayler

Merrill Lynch

Bank of London & Middle East

VP, global wealth management

Head of private banking

US

Robert Lynch

US Trust

Barclays Wealth

Head of banking
and lending

MD, head of credit structuring (Americas)

Singapore

Joanna Chu

Hang Seng Bank

Barclays Wealth

Head of private banking and
trust services

MD and co-head
of North Asia

Germany

Achim Kassow

Commerzbank

Commerzbank

Managing director, Commerzbank

Head of
private clients,
Dresdner Bank

Russia

Igor Soglayev

Single Family Office

Deutsche Bank

Head of
family office

Head of Russian private wealth management

US

Randall Jones

Morgan Stanley

Morgan Stanley

Financial adviser, Lawrence office

VP global wealth management

India

Shiv Gupta

RBS

RBS

Head of private banking, Thailand

Head of private clients, India

Switzerland

Guiillaume Lejoindre

SG Private Banking

SG Private Banking

Managing director

Head of Swiss private banking

Source: PBI