Barclays Bolsters Hong Kong private banking team with Senior Banker Hire

Posted on 25, October 2012 by | This entry was posted in Banks, Business, Financial, Management, United Kingdom. Bookmark the permalink.

25-10-2012 — /europawire.eu/ — Barclays today announced that it has appointed Adeline Chien as Managing Director, Hong Kong team, covering ultra-high net worth individuals in Hong Kong. Chien will report to Rickie Chan, Market Head of Hong Kong.

Barclays today announced that it has appointed Adeline Chien as Managing Director, Hong Kong team, covering ultra-high net worth individuals in Hong Kong. Chien will report to Rickie Chan, Market Head of Hong Kong.

Chien brings with her over 20 years of private banking experience. She joins from EFG Bank in Hong Kong, where she was team head responsible for serving high net worth clients in Hong Kong, China and Taiwan. Before that, she worked in various financial institutions including UBS and Goldman Sachs, serving ultra high net worth clients.

Her appointment further strengthens Barclays’ coverage of the Hong Kong market, and follows from the appointment of Chan who was appointed Market Head of Hong Kong in August 2012. Under the leadership of Pakorn Boonya-kurkul who joined as Head of Wealth Management, North Asia, in May 2011, Barclays has grown its North Asia banker teams considerably, with more than 50% of its bankers now at a senior level.

Pakorn Boona-kurkul said, “Markets continue to be challenging and having a strong team of senior bankers is critical to helping clients navigate these times of volatility. We have seen significant traction in our strategy of “inverting the banker pyramid” in Hong Kong as we focus on the hiring of senior bankers with more than 15 years of industry experience. This group of bankers has been attracted by both the platform we offer as well as an entrepreneurial culture in which they can provide the best products and solutions to meet the needs of their sophisticated clients. Adeline brings with her an in-depth understanding of sophisticated high net worth clients, and her addition to the team will further strengthen our outreach and service to clients.”

These recent senior appointments further signal Barclays’ commitment to continued expansion in North Asia following from the opening of its second Asian booking centre in Hong Kong in 2010. This has enabled Barclays to provide greater proximity to its clients and also paved the way for continued broadening of its product capabilities to target wealthy Asian clients. Barclays had also set up a Greater China desk in Singapore in October last year, to offer clients across the sub-region the option of booking their assets in Singapore.

About Barclays

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.

This is not a solicitation of any products or services.

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