Dubai, UAE, 16th of February 2009 - Barclays Wealth, a leading global wealth management institution, announces the appointment of Sharad Nair, as Director, to its International Private Banking team in the Middle East.  He will report into Soha Nashaat, CEO of Barclays Wealth, Middle East and North Africa. Within his role, Sharad will be leading the team of private bankers covering the NRI (Non Resident Indian) clients.

Sharad joins Barclays Wealth from Bank Sarasin-Alpen (ME) Ltd, Dubai where he spent the last three years as Managing Director and headed their GCC and South Asian Private Banking Business. Prior to joining Bank Sarasin-Alpen, he was the Unit Head (Private Banking) at Mashreq Bank in their Wealth Management and Investment services divisions where he was instrumental in establishing Mashreq Bank's investment services & mass affluent banking business. He was also responsible for driving the balance sheet growth by acquiring new acquisitions and deepening the existing relationships.

Soha Nashaat, CEO Barclays Wealth, Middle East and North Africa, said: "We are pleased to welcome Sharad to Barclays Wealth.  His experience and track record will be instrumental in pushing forward the Barclays Wealth's NRI business in the region.  

Sharad has spoken at a number of private banking and wealth management conferences in the Middle East, Asia, Europe and Australia and was a visiting lecturer at a number of regional universities.

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About Barclays Wealth
Barclays Wealth is the UK's leading wealth manager by assets under management.

It serves high net worth, affluent and intermediary clients, providing international and private banking, investment management, wealth advisory, brokerage and fiduciary services.  Thomas L. Kalaris is the Chief Executive of Barclays Wealth and joined the business at the start of 2006. He was voted global Investor's Wealth Manager of the Year for 2007.

With unrivalled local expertise and international reach, Barclays Wealth offers a comprehensive range of integrated products and services, and is dedicated to helping clients across the globe acquire wealth, use it, enjoy it and pass it on.

Barclays Wealth is already established in major financial centres (London, Geneva, Monaco, Dubai, Abu Dhabi, Singapore, and Hong Kong).  It is part of the Barclays Group, a UK based, major global financial services provider, engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services.  With over 300 years of history and expertise in banking, the Barclays Group operates in over 50 countries and employs over 150,000 people.  Barclays moves, lends, invests and protects money for over 42 million customers and clients worldwide.

For further information contact:
Barclays Wealth
Dania Haffarbazzy
Email: dania.haffarbazzy@barclayscapital.com
Tel No: 00971 4 365 2979

Memac Ogilvy PR
Melanie Schmutz
Email: melanie.schmutz@ogilvy.com
Tel No: 00971 4 3050 310

Houri Elmayan
Email: houri.elmayan@ogilvy.com
Tel No: 00971 4 3050 330

© Press Release 2009