Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. 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
CIO Tapes 2: two warnings and a lot of optimism

CIO Tapes 2: two warnings and a lot of optimism

Our group of leading asset management CIOs see a lot of opportunities – and overseas investors are buying UK too

Play Wealth Manager Retreat 2017: size isn't everything

Wealth Manager Retreat 2017: size isn't everything

We asked our delegates at the Wealth Manager Retreat what they think about the recent wave of consolidation in the industry.

1 Comment Play CIO Tapes - part 3: 'passive funds are anti-capitalist'

CIO Tapes - part 3: 'passive funds are anti-capitalist'

Citywire recently gathered three of the UK's leading fund investment heads to discuss their hopes, fears and the issues that their jobs throw at them daily.

Read More
Your Business: Cover Star Club

Profile: Thomas Miller explains its post-restructure plans

Profile: Thomas Miller explains its post-restructure plans

Thomas Miller Investment’s (TMI) head of wealth Matt Phillips has strong opinions about many things

Wealth Manager on Twitter
Managing risk, unearthing returns
  • A-rated Beagles sells down Brewin Dolphin
  • Electoral Commission reopens Vote Leave probe
  • City grandee says HBOS crisis 'worst moment' of his career
  • Ex-OMGI duo enters model portfolio market with new boutique
  • Abolish stamp duty: six wealth managers' Budget wish lists
  • James Carthew: is the Japanese glass half full, empty, or illusory?
  • The Expert View: William Hill, Mitie and Xaar
  • Overnight Markets: Tech shares buoy Wall Street
  • Tuesday Papers: May told to exploit Merkel crisis to reduce Brexit bill
  • Investors brush off German government worries
  • Read More
    -->