People Moves
EXCLUSIVE: Senior Wealth Management Departure At UK Bank

This publication can exclusively report on a senior move at the UK banking group.
This publication can reveal that John Derrick, UK managing
director, private banking and overseas services, has left
the bank after being at the UK lender for more than five
years.
Barclays has a senior
leadership team of nine people at the private banking and
overseas services team, led by Karen Frank, who set that group up
in December last year after her appointment in October of the
same year.
From May 2008 to June 2011 Derrick was a senior private banker at
Lombard Odier, according to his Linkedin profile.
At Barclays, ultra-high net worth clients are served by more than
one manager; WealthBriefing understands that this
reduces any disruption to clients from changes in personnel.
As reported here a few weeks ago, Barclays is making around 100
hires across the PB&OS business in the coming months. The
bank believes this group can achieve high growth, focusing on
collaboration across a number of areas, such as its corporate and
investment bank and the international cards group.