Barclays Wealth creates new UHNW role

Barclays Wealth, the UK’s largest wealth manager in terms of assets under management, has hired John Derrick for its ultra-high net worth unit.

A spokesman for Barclay’s wealth management arm said that Derrick has been appointed as director of ultra-high net worth and family office business of the London-based bank.

“It is a newly created role to expand our UHNW team and build on our existing business. Derrick will work with clients worth more than £50 million,” the spokesman said.

Derrick previously worked as senior vice president at Swiss bank Lombard Odier. Prior to that, he was involved with the private equity side of operations of the Harald Quandt family office.