Barclays Wealth Hires Donald Gershuny as General Counsel, Americas and Peter Reynolds as Chief Risk Officer, Americas

NEW YORK, Sept. 23 /PRNewswire/ -- Barclays Wealth, a leading global wealth management firm, is pleased to announce two senior hires for the Americas, based in New York, as it continues to expand in the region. Donald Gershuny has joined as a Managing Director and General Counsel, Americas; Peter Reynolds has joined as a Managing Director and Chief Risk Officer, Americas.

"We are extremely pleased to welcome senior legal and risk professionals of Don and Peter's caliber and experience," said Mitch Cox, Head of Barclays Wealth in the Americas and Head of Research and Investments for the firm globally. "Together, Don, Peter and Carmen Menendez-Puerto, Americas Head of Compliance, form a world class team. I look forward to working very closely with them as we continue to build best-in-class governance for our regional wealth management business."

Mr. Gershuny brings to his role broad regulatory and banking experience, accumulated over four decades in financial services including 34 years at Merrill Lynch. Most recently, he served as General Counsel for Global Wealth Management at Bank of America Merrill Lynch. In that position, Mr. Gershuny was responsible for all legal, regulatory and compliance services for wealth management.  Previously, Mr. Gershuny held several senior roles at the firm including International General Counsel, responsible for legal, compliance and regulatory affairs for wealth management, capital markets, commercial and investment banking in over 40 countries.

Mr. Reynolds has a wide range of banking and regulatory experience, focused on risk. For the past three years, he served as Head of Regulatory Risk and Compliance for RBS Americas. Prior to that, he worked at Citigroup for a decade in several risk positions including Global Head of Risk and Control for the Private Bank. He also helped to oversee Citigroup Risk Management's regulatory relationships and led the risk integration of KorAm Bank in Asia.  Earlier in his career Mr. Reynolds served in the U.S. Office of the Comptroller of the Currency as a credit examiner supervising major U.S. banks.  

"The Americas region is a key area of growth for Barclays Wealth and having legal talent commensurate with the plans for the business is critical," said Duncan Perry, Global General Counsel for Barclays Wealth.

"These appointments underscore the importance Barclays Wealth places on disciplined risk management as part of our plans to build a world-class wealth management business," added Mark Cooke, Chief Risk Officer for Barclays Wealth globally.

With 14 offices across the U.S. and Latin America, including its trust company, 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 U.K.'s largest, with total client assets of $232bn (153.5bn pounds Sterling), as of June 30, 2010. 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

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