Barclays Wealth Continues to Grow in the U.S., Adding Investment Representatives in Washington, D.C. and Philadelphia

PHILADELPHIA and WASHINGTON, Feb. 1 /PRNewswire/ -- Barclays Wealth, a leading global wealth manager, is pleased to announce that it has hired William Scott, Steve Pritsios and Donald Mahoney as Investment Representatives in Washington, D.C. and Philadelphia as part of its continued growth in the U.S.

Mr. Scott and Mr. Pritsios, based in Washington, join Barclays Wealth from Oppenheimer & Co.  Previously, they worked at FBR Capital Markets Private Wealth Management and Morgan Stanley Private Wealth Management, serving ultra high net worth and small institutional clients.  At FBR, the team helped build the third party asset management and corporate executive services platforms.  

Mr. Mahoney, based in Philadelphia, brings more than 20 years of wealth management experience to his new role.  He joins from Radnor Trust Co. where he was responsible for building a bank and trust company.  Prior to Radnor, Mr. Mahoney worked at Commerce Bank, Wachovia Bank and Mellon Private Asset Management, focused on delivering a broad range of services — including trust, global custody, lending, private banking, asset management and estate planning — to high net worth individuals and family offices.

"We are delighted to have professionals with Bill's, Steve's and Don's broad banking and wealth management experience join our offices in Washington and Philadelphia as we continue growing," said Scott Sheffer, Managing Director and Branch Manager of both offices.  

"Barclays Wealth is committed to serving high net worth clients in the Americas and expanding its presence in the region," said Jack Petersen, Managing Director and Head of Wealth Management, Americas.  The firm hired 50 Investment Representatives in 2009 and plans to add more than 100 in 2010.

About Barclays Wealth

Barclays Wealth is a leading global wealth manager, and the UK's largest, with total client assets of $221bn (134bn pounds Sterling), as at 30 June 2009.  With offices in 25 countries, Barclays Wealth serves affluent, high net worth 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, investment banking, wealth management and investment management services with an extensive international presence in Europe, the Americas, Africa and Asia.

For more information, please visit www.barclayswealthamericas.com. Barclays Wealth is on Twitter at 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. The registered office of Barclays Capital Inc. is 200 Park Avenue, New York, NY 10166. Member SIPC.

SOURCE Barclays Wealth

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