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Ex-Barclays man Semaya steps down from WMA

Ex-Barclays man Semaya steps down from WMA

Barclays' ex-head of private banking David Semaya has stepped down from the board of directors at the Wealth Management Association (WMA).

Semaya steps back from his responsibilities at the trade body, which is headed by Tim May (pictured), after four years in the role.

In April he is set to take on the role of chairman of Tokyo-based asset manager Nikko Asset Management. The move follows Semaya's decision to leave Barclays ahead of its strategic review under new wealth head Peter Horrell. He had spent over 10 years at the bank, and was formerly head of Barclays' private banking business in the UK and Ireland. Prior to this he was chief executive for EMEA and Asia ex-Japan at Barclays Global Investors.

He also spent a 12-year stint at Merrill Lynch in a variety of roles in the asset management and capital markets businesses in both New York and Tokyo.

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