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View the article online at http://citywire.co.uk/wealth-manager/article/a646390

Barclays hires ex-RBS man for Manchester office

by Annabelle Williams on Dec 18, 2012 at 10:15

Barclays hires ex-RBS man for Manchester office

Barclays has made the latest in a string of regional hires with a new private banker added to its Manchester office.

Michael Egan joins the wealth and investment management office with a remit for advising clients across the north west.

Over the past year Barclays has increased its presence across the UK, hiring teams for Reading, Manchester, Cambride, Norwich and Essex.

The hires are part of a plan internally codenamed Project Gamma, where Barclays hopes to double the number of private bankers in the UK and become one of the top five private banks in the world.

Barclays will reportedly cut 2,000 jobs from its investment arm as part of an on-going restructure, but the UK and US are likely to be shielded from the cuts.

Egan joins from IM Asset Management and was previously private banking manager at Royal Bank of Scotland.

‘We are very pleased to welcome Michael to our team. His extensive knowledge and experience in advising high net worth clients will undoubtedly be an asset for our office and he joins at an exciting time for the business, as we continue to grow in the north west,’ said Alan Edwards, regional director of wealth and investment management in Barclays Manchester.

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