Barclays demonstrates commitment to UK expansion with new office in Yorkshire03.15.2013
SHEFFIELD: In line with its ongoing regional expansion across the UK, Barclays today announced the opening of its new Wealth and Investment Management office in Sheffield, marking the occasion with an exclusive event held at the city’s Mercure St Paul’s Hotel and Winter Gardens.
The new office – located at St Paul’s Place, Sheffield – is the sixth Wealth and Investment Management office opened by Barclays in the past eighteen months, following increased demand for its services. The move sees the team co-locate with the Corporate Banking division of Barclays, enabling the growing team of private bankers and wealth advisors to offer the full range of banking, investment and wealth advisory solutions to new and existing clients in the South Yorkshire area.
There are now over 10 private bankers working for Barclays across the Yorkshire region, and the decision to base a dedicated team in Sheffield reflects the city’s growing affluence and its emerging status as an economic hub for the North East. Research by Barclays in 2011 found that there are 44,000 millionaires in Yorkshire, and this figure is set to rise by 28 per cent by 2020.
Speaking at the opening event, Emmanuel Fievet, Head of Wealth Management UK at Barclays, said: “As our UK footprint continues to grow, we are delighted to open a new, local office which demonstrates our commitment to building our presence in the North East. This latest office opening is testament to the momentum we are seeing as we continue to invest in our business and talent across the regions.”
Martin Cuthbert, Regional Director for Barclays Wealth and Investment Management in Yorkshire added: “Sheffield is a fantastic place to do business, and the decision to base a dedicated group of bankers in the city underpins our belief in the prospects for the local economy and wealth in the region. Having a growing team here allows us to increase the amount of time we spend providing specialist advice and wealth solutions to our clients, close to their home or place of work.”
The office in Sheffield represents Barclays’ continued expansion of dedicated wealth services across the UK regions. In the last eighteen months Barclays has opened new offices in Manchester, Cambridge, Norwich and Chelmsford, Essex and Reading. There are also plans to open a series of new offices across the South West later this year, increasing Barclays’ presence in areas such as Devon and Cornwall.
Barclays moves, lends and invests money for customers and clients worldwide. With over 300 years of history and expertise in banking, we operate in over 50 countries and employ over 140,000 people.
Our customers and clients benefit from access to the breadth of expertise across Barclays. We are one of the largest financial services providers in the world, engaged in retail banking, credit cards, corporate and investment banking, and wealth and investment management.
We are a leading global wealth and investment manager providing international and private banking, wealth planning, trust and fiduciary services, investment management, brokerage services and research to private and intermediary clients around the world.
“Barclays” refers to any company in the Barclays PLC group of companies.
Barclays offers wealth management products and services to its clients through Barclays Bank PLC (“BBPLC”), functioning in the United States through Barclays Capital Inc. (“BCI”), an affiliate of BBPLC. BCI is a registered broker dealer and investment adviser, regulated by the U.S. Securities and Exchange Commission, with offices at 200 Park Avenue, New York, New York 10166. Member FINRA and SIPC. Barclays Bank PLC, registered in England and Wales (no. 1026167), has a registered office at 1 Churchill Place, London, E14 5HP, United Kingdom, and is regulated by the Financial Services Authority.
Mortgage products and services in the U.S are offered by Barclays Bank Delaware (“BBD”), member FDIC. Custom lending is offered via BBPLC, New York Branch. Securities investing and brokerage products and services are offered exclusively through BCI. A relationship with the Barclays Wealth and Investment Management unit need not be established or maintained to obtain BBD or BBPLC, New York Branch products or pricing. Bank regulations require that the loan review and approval proves to be independent of, and cannot be impacted by, brokerage/investment-related matters or other business dealings.
Trust and fiduciary services are offered through Barclays Wealth Trustees (U.S.), N.A. (“BWT”) a limited purpose national bank. BWT is subject to regulation and examination by the Office of the Comptroller of the Currency. BWT is an indirect, wholly-owned subsidiary of BBPLC and an affiliate of BCI and various other subsidiaries of, and entities affiliated with, BBPLC.
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