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Barclays Wealth continues US build-up

Barclays Wealth has hired 15 investment specialists from rivals, continuing the firm's expansion in the Americas.

Barclays Wealth, a unit of Barclays, hired a regional branch manager from Neuberger Berman and 14 investment representatives from rivals, continuing the firm's push to expand in wealth management in the Americas.

The investment representatives--the Barclays unit's name for financial advisers--together generated $51m in fees and commissions and managed $4.45bn in assets, according to a person familiar with the situation. The representatives joined Barclays from firms including Morgan Stanley Smith Barney, JP Morgan, and UBS.

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