Peter Horrell has been appointed Chief Executive of Barclays’ wealth & investment management (W&IM) business.
Peter was named interim CEO of the business in April (effective from 1 May 2013), when he was charged by Barclays CEO Antony Jenkins with exploring ways of working more closely with the corporate and retail banks as a platform for future growth.
Over the last five months, Peter has built up a talented leadership team and developed a clear vision for the W&IM business, which offers wealth management and private banking services to clients and intermediaries globally. Peter will report to Antony Jenkins.
Barclays this week announced a thorough revision of its wealth management division, which will comprise exiting 100 markets and 5 of its 17 booking centers to focus in high net worth individuals and in those markets where Barclays has a meaningful competitive advantage.