The investment and wealth management of Barclays has reshuffled its senior management with a series of moves across the UK, Europe and the Middle East.

The investment and wealth management division of Barclays has reshuffled its senior management with a series of moves across the UK, Europe and the Middle East, this publication has learned.

David Semaya, who has been head of wealth management for the UK and Ireland, will step down from the role to set up what this publication understands is a “centre of excellence for asset management”. His old role, held since 2009, will be taken on by Emmanuel Fievet, who will also keep his current responsibilities for Switzerland, Monaco and western and Eastern Europe.

Didier von Daeniken will take on leadership of the MENA and Africa businesses roles in addition to his current responsibilities as head of wealth management for Asia.

All the changes take effect at Barclays immediately.  

There have been a number of moves at this part of UK-listed Barclays, formerly known as Barclays Wealth. Meanwhile, in early August, the wealth and investment management arm of UK-listed Barclays reported a pre-tax profit of £60 million (around $97. 1 million) in the first three months of 2012 from £46 million a year before, while total profit – on an adjusted basis - across the entire bank rose to £2.445 billion, a 22 per cent year-on-year rise.