Barclays Wealth has recruited three private wealth advisors from Goldman Sachs as directors within its Chicago office, reinforcing the firm’s plan to expand its presence in the area.  

Stuart Buck, William Scherr and David Yaccino bring to Barclays Wealth an aggregate 65 years of experience in portfolio management, the firm said.  

The trio will focus on single-stock risk management as well as the management of fixed income and equity portfolios. In their new roles they report to Chris Williams, managing director and regional manager of the Chicago office.

Buck joined Goldman Sachs in 1987 as a private wealth advisor, specializing in asset allocation, equity investment management strategies and philanthropic services.  

Meanwhile, Scherr will concentrate on single-stock risk management and equity portfolio management. He had been a private wealth advisor at Goldman Sachs since 1990, structuring equity portfolios and overseeing portfolio management for high net worth clients, with a specialty in single-stock risk management.

Yaccino, who was with Goldmans for 17 years, was a private wealth advisor for fixed income, cash management and alternative investment opportunities. Previously, he was an investment banker at Bankers Trust within the energy derivatives group.

At the end of October last year, Barclays Wealth hired six investment representatives for its Boston, New York, Dallas and Miami offices.

The firm has 13 offices across the US with a total of $273 billion in client assets as of 30 June 2011.