Barclays Wealth CIO steps down as recruitment heats up
The global chief investment officer of Barclays Wealth has left the bank, as recruitment for senior bankers in the wealth industry becomes fierce.
Kevin Lecocq left the wealth management arm of UK bank Barclays three weeks ago and was today replaced by Mitch Cox, who joined the firm earlier this month from Merrill Lynch Global Wealth Management.
The bank said: "Barclays Wealth can confirm that Kevin Lecocq has taken the decision to leave the firm to pursue other business interests. Kevin was instrumental in establishing a world-class investment & product office over the course of the last three years, making a significant contribution to the growth of the firm, and we wish him well in the future."
It is not yet clear whether Lecocq has another role lined up. Lecocq, formerly head of European institutional sales at HSBC, joined Barclays Wealth in 2006.
In addition to overseeing the investment and product office, which combines product development and structuring, portfolio construction, investment research and investment management, Cox will also oversee Barclays Wealth activities in the Americas.
The news comes after earlier this week, Eva Castillo resigned as head of Bank of America Merrill Lynch's Europe, Middle East and Africa wealth division. In Asia RBS Coutts and BSI Bank both announced senior appointments this morning.
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