In this new role, Olsen will help develop the firm’s strategic and tactical asset allocation and will manage the investment strategy team in the US.

Based in New York, his focus will be on delivering regionally-customized investment strategies for high net worth clients in the Americas.

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Olsen will report directly to Aaron Gurwitz, the Barclays Wealth chief investment officer.

Olsen will join Barclays Wealth from JP Morgan where he served as chief investment officer for private wealth management since 2007.

Prior to JP Morgan, Olsen was chief investment officer at Bingham Legg Advisors, a Boston-based wealth manager, and also a portfolio manager at Emerson Investment Management, where he served as co-chairman of the investment strategy committee.

He also founded a private asset management company that specialized in managing portfolios for individuals and small institutions. From 1993 to 1995, he served as a senior portfolio manager at Ram Trust Services, a family office.

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With 14 offices across the US and Latin America, including its trust office in Delaware, Barclays Wealth in the Americas provides comprehensive wealth management to high net worth individuals and families.