Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and only takes a minute.

Barclays private bank head Semaya retires ahead of strategic overhaul

Barclays private bank head Semaya retires ahead of strategic overhaul

Barclays’ director and former UK private banking head David Semaya is to leave the bank after 10 years.

Semaya’s decision to retire comes as the wealth and investment division’s new management team, led by Peter Horrell (pictured), instigates a new strategic direction for the business.

Semaya was head of private banking for the UK and Ireland between late 2009 and October 2012, at which point his role was assumed by Emmanuel Fievet. Semaya was then tasked with leading an initiative to establish a centre of excellence for asset management at the private bank.

Prior to this, he was chief executive for EMEA and Asia ex-Japan at Barclays Global Investors.

Alongside Horrell, the new management team includes Henry Fischel-Bock as head of UK and European private banking; Rory Tobin, responsible for global research and investments for the wealth advisory and asset management arms; Shaun Phillips as head of intermediaries and international; and Rupert Dickinson as head of Wealth Direct.

The appointment of a new leadership team comes after a challenging year for the bank in which its wealth arm has been rocked by a series of senior departures, including outgoing chief Tom Kalaris. It has also undergone a regional management restructure.

Horrell told Wealth Manager that he had taken ‘tough decisions’ to withdraw from some international markets, remove duplication and better utilise services available in different parts of the bank.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter