Barclays Wealth
Encyclopedia
Private banking
Private banking is banking, investment and other financial services provided by banks to private individuals investing sizable assets. The term "private" refers to the customer service being rendered on a more personal basis than in mass-market retail banking, usually via dedicated bank advisers...
, advisory, fiduciary services, investment management
Investment management
Investment management is the professional management of various securities and assets in order to meet specified investment goals for the benefit of the investors...
and, through Barclays Stockbrokers, brokerage.
Barclays Wealth has total client assets of £169.5bn, (as at 30 June 2011) and has offices in over 20 countries.
Thomas L. Kalaris, the Chief Executive of Barclays Wealth, joined the business at the start of 2006.
Barclays Wealth is part of the Barclays Group, a global financial services provider engaged in retail and commercial banking, credit cards, investment banking
Investment banking
An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client's agent in the issuance of securities...
, wealth management
Wealth management
Wealth management is an investment advisory discipline that incorporates financial planning, investment portfolio management and a number of aggregated financial services...
and investment management services
Investment management
Investment management is the professional management of various securities and assets in order to meet specified investment goals for the benefit of the investors...
with an international presence in Europe, the USA, Africa and Asia.
Community investment and sponsorships
Barclays Wealth has an active community investment programme in many of the jurisdictions in which it operates, with a particular focus on providing grants to charities helping disadvantaged people work towards financial independenceFinancial independence
Financial independence is a term generally used to describe the state of having sufficient personal wealth to live indefinitely without having to work actively for basic necessities . In the case of many individuals whose financial circumstances fit this description, their assets generate income...
and security.
The firm also has a policy of encouraging employees in their personal charitable giving and fundraising efforts. Staff are able to volunteer in work time and Barclays Wealth will match any monies raised through a staff member's individual fundraising efforts.