Business & Finance
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Barclays has appointed Jean-Christophe Gerard as CEO, Barclays Private Bank with immediate effect, subject to regulatory approval.
Jean-Christophe joined Barclays in 2017, initially heading up Investments for Barclays Private Bank, and has almost 30 years’ of experience in private banking, asset management and investment banking. His previous roles also include Head of Private Bank Europe, Monaco and Switzerland, and CEO of Barclays Monaco.
“With a long and successful career in private banking and financial markets, Jean-Christophe is brilliantly placed to lead the Private Bank as we focus on supporting our clients and our next of phase of growth,” said Ashok Vaswani, CEO, Consumer Banking & Payments.
“I am very much looking forward to leading Barclays Private Bank as we accelerate our growth as the quality private bank and partner of choice to Global UHNWIs and Family Offices looking for a full range of specialised services across international booking platforms,” added Jean-Christophe Gerard, CEO Barclays Private Bank.
Barclays Private Bank is well-established as a quality private bank and partner to Global Ultra-High Net Worth Individuals (UHNWIs) and Family Offices looking for a full range of specialised services across international booking platforms. Jean-Christophe’s appointment also follows a series of recent announcements that has seen the Private Bank strengthen it senior leadership team and expand its international footprint.
Last month it was announced that Effie Datson joined in the newly created role as Global Head of Family Office and Melanie Aimer as Global Head of Client Experience. While in June, Olivier Franceschelli was appointed Head of Private Banking in Monaco and Alan Werlau Head of Investments for Barclays Bank Ireland PLC.
The latest survey by IMSEE has revealed that the business climate continued to weaken in July, though retail trade and the auto commerce and repair sectors saw slight improvements.
AS Monaco’s Vice-President and CEO has been elected as the newest Board of Directors Member for the League of Football Professionals.
Barclays announced on Tuesday that it has appointed Gérald Mathieu as Head of Private Bank Europe, Monaco and Switzerland, with immediate effect.
The Cabinet of President Stéphane Valeri is now composed of a completely female team for the first time in National Council history.
Major economies continue to dominate the global ranking of the richest countries, with one nation’s private fortunes jumping by $200 billion (€177 billion) in six months alone, according to a new report released on Tuesday.
New World Wealth ranked the different countries according to the total amount of wealth, including property, cash, equities and business interests, held by all individuals as of June 2016. At least three countries from Asia appeared on the list, while four from Europe made it to the rankings.
Accumulating $48.9 trillion (€43 trillion) in wealth, the United States topped the overall list, followed by China, Japan, the United Kingdom and Germany in the top five. Rounding up the top ten are France, India, Canada, Australia and Italy.
Analysts are impressed by Australia’s showing in the top ten, considering that the country only has a population of 22 million. Australia, as well as Canada, has also overtaken Italy over the past 12 months, while China posted the fastest wealth growth over the past 15 years.
In terms of wealth held per person, European countries dominated the global rankings, with Monaco taking the number one spot. As of June 2016, the average person in Monaco owns $1.6 million (€1.42 million) in wealth, the highest in the world, reports New World Wealth, which also said the high average of wealth of Monaco’s residents can be attributed to the country's tax-free regime. (Source: Gulf News)