Barclays hires head of private bank and wealth management UK and crown dependencies . Source: Shutterstock

Barclays reiterated its commitment to the UK market. To demonstrate that commitment, Sasha Wiggins, CEO of Barclays Private Bank and Wealth Management (PBWM), has named Mo Syed as head of private bank and wealth management in the UK and crown dependencies, pending regulatory approval. 

Syed will become Wiggins direct report and will be given broad responsibilities to expand the firm. 

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His new post will include overseeing the UK private bank, wealth management, digital investing, and crown dependencies.

By bringing these businesses under a single head will allow clients in the UK to receive a full range of services, from first-time investors to those in need of extensive private banking and investment services. 

Moreover, Syed is a well-known player in the international market who offers vast knowledge in the fields of fund management, investment banking, and wealth management. He was Interim CEO at Coutts and previously served as CEO of Asset Management at Coutts and NatWest.

He formerly held senior positions at Sanwa International PLC, Sanwa Financial Products (now Tokyo-Mitsubishi UFJ Group), and MaxCap Partners (UK Multi-Family Office).

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Wiggins stated: “I am delighted that Mo will be joining Barclays.  His extensive experience will play a vital role in growing our business in the UK and Crown Dependencies. His appointment demonstrates our focus on the UK market, and I look forward to working with him to deliver on the commitments in our three-year strategy.”

Starting in February 2025, Barclays Private Bank and Wealth Management will be led in two divisions. Syed will oversee the UK business, supporting a range of clients from those beginning their investment journey to ultra-high-net-worth individuals and family office clients.

Meanwhile, Annabelle Bryde, who is already a member of the executive committee will head the international private bank, focusing on serving global clients in markets with significant growth potential.