Barclays Wealth and Investment Management has appointed one of its high-ranking figures to the post of head of Wealth Management Europe, a newly created role.

Barclays Wealth and Investment Management, part of UK-listed Barclays, has appointed one of its high-ranking figures, Francesco Grosoli, to the post of head of wealth management Europe, a newly created role as part of a restructuring of the firm’s senior wealth team.

Grosoli reports to Akshaya Bhargava, chief executive of Barclays Wealth and Investment Management. Grosoli has been working in wealth management with high net worth clients since 1989 and joined Barclays in May 2007. Previously, he was managing director, Monaco country manager and market head for Switzerland and Monaco at Barclays Wealth and Investment Management. Prior to this, he worked at HSBC Private Bank Monaco where he was head of private banking.

The UK firm also appointed Warren McRae as business chief operating officer for Europe, adding to his present responsibilities as COO for Switzerland and Monaco at Barclays.

Grosoli’s role takes over some of the territory that had been previously covered by Henry Fischel-Bock, the head of wealth management UK and Europe at Barclays who stepped down last July.

“This appointment also demonstrates our continued growth and commitment to the wealth management business in Europe. With our presence in [the] UK, Switzerland and Monaco, we are uniquely placed to serve both UK & European clients and provide our clients with access to the wider Barclays network,” Bhargava said.