LONDON, Sept 22 (Reuters) - Barclays has named thefounder of a managed account platform for hedge funds as the newboss of its wealth and investment management arm.
Barclays said on Monday that Akshaya Bhargava would join aschief executive of wealth and investment management on Oct. 13from InfraHedge Ltd, an operator of infrastructure solutions forinstitutional investors in hedge funds that he founded in 2010and sold to State Street Corp. at the end of 2013.
Bhargava will become the third head of the Barclays wealthbusiness in less than two years. He fills the role left vacantby Peter Horrell, who said in June he would leave once areplacement was found. Horrell became boss of the wealthbusiness following the departure of Tom Kalaris in April 2013.
Bhargava has previously been CEO of Butterfield FulcrumGroup Ltd and spent 22 years at Citigroup, includingstints in London, India and the Czech Republic. (Reporting by Steve Slater; Editing by Matt Scuffham)
Barclays (BARC)