Barclays Wealth enhances focus on Saudi Arabia

Barclays Wealth enhances focus on Saudi Arabia

Company appoints Faisal Shaker as Head of Wealth, Saudi Arabia

January 22, 2012 11:56 by Reuters

Barclays Wealth, a leading global wealth manager, announced today the appointment of Faisal Shaker as Head of Wealth for Barclays Saudi Arabia (BSA). Faisal will report to Rory Gilbert, Managing Director, Head of Middle East and North Africa for the International Private Bank.

In his role, Faisal will champion the development of the wealth management activities of Barclays Saudi Arabia ranging from Wealth Management activities and client service capabilities to the development and implementation of the Saudi wealth management strategy.

Additionally, Faisal will ensure that the governance framework surrounding the wealth management business in Saudi Arabia is robust and consistent with the Capital Market Authority Regulations as well as internal policies and procedures of the global Barclays Wealth.

Commenting on the appointment, Rory Gilbert said: “This is a significant appointment for Barclays Wealth in general and BSA specifically. This appointment reflects our growing commitment to wealth management across the MENA region as well as our mounting focus on Saudi Arabia. We are pleased to have Faisal on board, who will be responsible for further developing our business in Saudi Arabia while ensuring that our priority remains focused on offering the best-in-class advice and service to our clients.”

Ayman Sejiny, Chief Executive Officer of Barclays Saudi Arabia, added: “This appointment further enhances our presence in the Kingdom and provides us with the opportunity to further service our clients who will definitely benefit from Faisal’s wide-ranging banking experience and strong relationships in Saudi Arabia.”

Prior to joining Barclays, Faisal was Head of Wealth Management for Audi Capital Saudi Arabia. He previously held senior leadership positions at Khalijia Invest, a Riyadh-based investment house, and SABB. Faisal holds a master’s degree in Economics from Old Dominion University, Virginia, USA and an undergraduate degree in Business Administration from King Saud University, Riyadh, KSA. *image from alarabiya.net