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4 July 2008: Barclays Wealth appoints Head of Wealth Advisory in India to help drive expansion


Adrish Ghosh has joined Barclays Wealth from IL&FS Trust Company Limited, and will be responsible for establishing and developing the Trust Advisory Business.


Barclays Wealth, 04 July 2008

Barclays Wealth announces the appointment of Adrish Ghosh as Head of Wealth Advisory in India.  Mr. Ghosh joins the firm from IL&FS Trust Company Limited (ITCL) where he was, for the last ten years, responsible for building the fiduciary services business in India.  In addition to his considerable experience in advising Private Banks and Wealth Managers, as the foremost expert in his field, Mr. Ghosh has extensive knowledge of business development, operations and strategic management in the financial services industry.

In his new role with Barclays Wealth, Mr. Ghosh will be responsible for establishing and developing the Trust Advisory business as a key part of Barclays Wealth’s overall proposition in India.  He will be based in Mumbai and will report jointly to Satya Bansal, CEO of Barclays Wealth India, and Jeremy Arnold, Global Head of Wealth Advisory.  Mr. Ghosh will help to build services that handle high net worth clients’ diverse and complex needs across estate planning, wealth structuring and trusts in India.  He will be able to call upon the significant expertise of Barclays Wealth’s global Wealth Advisory business, which is well-established under Mr. Arnold in London.

Mr. Bansal comments, "I am delighted to have Adrish Ghosh on board.  His appointment demonstrates our commitment to employing the best in the business to help us build a world class private banking product platform for our clients.  Adrish has a proven track record of developing businesses and this appointment will be a key differentiator for our business, representing a significant step in our planned expansion of the Barclays Wealth proposition in India."

Mr. Ghosh has a Bachelor's degree of Commerce from the University of Mumbai, and is a Chartered Accountant and Cost Accountant by qualification.

With the rapid growth of the country’s wealth market over recent years, India is a key area of focus for Barclays Wealth as it expands its global presence from its base as the UK’s largest wealth manager by assets under management.

For further information contact:

Barclays Wealth
Nicola Hankey, Head of PR      
020 7114 9813 / 07775 548418
nicola.hankey@barclayswealth.com

Jignasa Patel, PR Manager     
020 7114 9813
jignasa.patel@barclayswealth.com

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