People Moves
Barclays Private Bank Names Head Of Philanthropy
Barclays has been striking partnerships to help bridge the gap between donors and the charity sector. The new head of philanthropy has experience across financial institutions, family foundations, and international development charities.
Based in London, Barclays Private Bank has appointed Juliet Agnew as head of philanthropy. She is replacing Emma Turner, who was key in developing the division, and is retiring after more than 12 years at Barclays.
Agnew, who will report to Lisa Francis, head of the UK and Crown Dependencies, has spent the last decade working with companies, charitable foundations and families in the philanthropic sector. She began her career working with human rights and international development charities. Previous roles include managing director at the Utley Foundation, director of UBS Philanthropy Services, director of the charitable foundation of Ashmore Group and head of philanthropy at IG Advisors.
“Philanthropy plays such an important role in today’s world and I am delighted to be joining a team so committed to supporting clients in their philanthropic journey,” Agnew said.
The bank has reported on the need to align families more closely with charitable organisations and build stronger relationships and trust. Barclays' recent report on the sector Barriers To Giving revealed that only 50 per cent of UK HNWs individuals donate 1 per cent or more of their annual income to charitable causes.
Philanthropic donations amount to 0.5 per cent of UK GDP compared with 2.1 per cent in the US. The bank recently partnered with The Beacon Collaborative to help bridge the gap between charities and donors. Its goal is to generate an additional £2 billion in donations to charity by 2025.
Notably, the report found that three quarters of HNWIs believe philanthropy is the responsibility of people wealthier than themselves; while roughly half believed that it is the government or state's responsibility. A quarter said a main hurdle was a lack of knowledge and contact with the charity sector when considering large donations.
