People Moves

Senior Ex-Rothschild, Barclays Exec Joins UK Wealth Manager

Stephen Harris 20 May 2008

Senior Ex-Rothschild, Barclays Exec Joins UK Wealth Manager

UK-based Heartwood Wealth Management has recruited Noland Carter, former chief investment office of Barclays and Rothschild Private Banking businesses, to be its CIO and head of its Investment Management Division. He will also be a director and member of the company’s senior leadership team.

Mr Carter started his investment career at Save & Prosper and Mercury Asset Management before moving to Ivory & Sime as head of global equities. He crossed from institutional asset management to private wealth management with his appointment as Barclays Private Banking’s Global CIO in 1997.

Between 1999 and 2005 he established and was chief executive of Barclays Investment Services and more recently he has been CEO of Rothschild Private Management and Global CIO of Rothschild Private Banking and Trust.

Mr  Carter left Rothschild last June when Veit de Maddalena was appointed chief executive in a major management re-shuffle.

Heartwood was founded 20 years ago and specialises in providing a comprehensive range of wealth management services, spanning investment management and integrated wealth structuring. Its wide spectrum of clients includes entrepreneurs, FTSE directors, senior City figures and other high net worth individuals and families.

It currently manages and administers over £1 billion of investments on behalf of these clients.

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