Barclays Wealth has appointed two relationship managers to its captive insurance team in Guernsey in response to a growing client base.

Jo Walker and Claire Blondel will join manager Dave Bartram in a team that works with Guernsey-based captive insurance managers.

Walker previously worked for Barclays in the UK and Guernsey for 18 years, while Blondel has been with the company for 13 years.

Although Walker will manage clients on a daily basis along with Bartram, Blondel will have responsibility for managing the credit element of the Letters of Credit service.

"We are looking at further growth in client numbers and value from both on-island and off-island business opportunities and the team numbers will in turn reflect that. We are currently researching the potential opportunities for our clients such as substituting traditional Letters of Credit for more modern vehicles namely Security Trust Agreements," Bartam said in a statement.