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Change At The Top Of Barclays' Wealth Management Business
Tom Burroughes
3 October 2012
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.