Advertisement
Singapore markets closed

  • Straits Times Index

    3,293.13
    +20.41 (+0.62%)
     

  • S&P 500

    5,085.19
    +14.64 (+0.29%)
     

  • Dow

    38,469.55
    -34.14 (-0.09%)
     

  • Nasdaq

    15,823.54
    +126.90 (+0.81%)
     

  • Bitcoin USD

    66,116.08
    -150.07 (-0.23%)
     

  • CMC Crypto 200

    1,428.05
    +3.95 (+0.28%)
     

  • FTSE 100

    8,071.94
    +27.13 (+0.34%)
     

  • Gold

    2,333.90
    -8.20 (-0.35%)
     

  • Crude Oil

    83.03
    -0.33 (-0.40%)
     

  • 10-Yr Bond

    4.6400
    +0.0420 (+0.91%)
     

  • Nikkei

    38,460.08
    +907.92 (+2.42%)
     

  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     

  • FTSE Bursa Malaysia

    1,571.48
    +9.84 (+0.63%)
     

  • Jakarta Composite Index

    7,174.53
    +63.72 (+0.90%)
     

  • PSE Index

    6,572.75
    +65.95 (+1.01%)
     

Barclays picks hedge fund platform founder to head wealth unit

Reuters

LONDON (Reuters) - Barclays (BARC.L) has named the founder of a managed account platform for hedge funds as the new boss of its wealth and investment management arm.

Barclays said on Monday that Akshaya Bhargava would join as chief executive of wealth and investment management on Oct. 13 from InfraHedge Ltd, an operator of infrastructure solutions for institutional investors in hedge funds that he founded in 2010 and sold to State Street Corp. (STT.N) at the end of 2013.

Bhargava will become the third head of the Barclays wealth business in less than two years. He fills the role left vacant by Peter Horrell, who said in June he would leave once a replacement was found. Horrell became boss of the wealth business following the departure of Tom Kalaris in April 2013.

Bhargava has previously been CEO of Butterfield Fulcrum Group Ltd and spent 22 years at Citigroup (C.N), including stints in London, India and the Czech Republic.

(Reporting by Steve Slater; Editing by Matt Scuffham)