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Barclays Wealth CEO Peter Horrell departs

Barclays Wealth CEO Peter Horrell departs

Peter Horrell, chief executive of Barclays Wealth and Investment Management, is leaving the bank.

He will depart the bank at the end of the year, after 23 years of service. Horrell (pictured) took the reins as chief executive at Barclays Wealth in September 2013 after having held the role in an interim basis since April that year, replacing former head Tom Kalaris. 

Horrell was previously head of intermediaries, international and direct business.

Ashok Vaswani, head of personal and corporate banking at Barclays, said: 'Pete Horrell, CEO of Barclays’ Wealth and Investment Management (W&IM) business has decided to step down from his role and will be leaving Barclays at the end of the year.

'Pete has had an exceptional career at Barclays over the last 23 years, and most recently he has overseen the creation and implementation of W&IM’s strategy, securing investment in the business from Barclays and positioning W&IM for long-term and sustainable growth.  It has made great progress on its transformation journey and the underlying business is robust and well positioned for the future.  

'Pete will continue to lead the business until his successor is appointed and the search is already underway.'

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