Barclays Wealth Hires Preston McSwain as a Managing Director in Boston

BOSTON, Feb. 24 /PRNewswire/ -- Barclays Wealth, the global wealth manager and advisor, is pleased to announce that it has hired Preston McSwain as a Managing Director and Investment Representative in the Boston office.

Mr. McSwain brings more than 20 years experience in the private asset management and institutional investment management field to his new role.  In this position, he acts as an advisor to high net worth clients, coordinating integrated wealth plans, and is responsible for many of the firm's largest relationships in New England.  Mr. McSwain reports to Marty Courage, Managing Director, Boston Branch Manager and New England Regional Manager. He joined Barclays Wealth with a four-person team.  They were all previously with Neuberger Berman.  

Commenting on his new role, Mr. McSwain said, "It was Barclays Wealth's commitment to growth – reinforced by global resources and talent – and open architecture that informed our decision to join."

With 13 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.

"We are truly dedicated to meeting the needs of our high net worth clients, and are excited to have a team like Mr. McSwain's on board, one which clearly shares our commitment to this market," said Jack Petersen, Head of Americas Wealth Management.  The firm hired 50 Investment Representatives in 2009 and is adding more than 100 this year as part of a continued build-out in the Americas.

About Barclays Wealth

Barclays Wealth is a leading global wealth manager, and the UK's largest, with total client assets of $241 (pounds 151.3bn) as of 31 December 2009. With offices in over 20 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 further information about Barclays Wealth, please visit our website www.barclayswealth.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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