Barclays Wealth, the wealth manager and adviser, has appointed Steve Houston as head of wealth management, Americas.
Houston will be responsible regionally for building the firm’s high net worth client business as well as managing and expanding the investment representative network.
Houston will report directly to Mitch Cox, head of Barclays Wealth, Americas, and head of global research and investments for all of Barclays Wealth.
"Over more than two decades of private wealth experience, Steve has developed a deep understanding of client needs and demonstrated an outstanding ability to lead wealth businesses," says Cox. "As part of a significant global investment in our business and platform, we are rapidly growing in the US and attracting top-performing teams. With his track record, Steve is the right person to drive our regional build-out."
Houston assumes the position from Jack Petersen, who will become an investment representative in the Barclays Wealth New York office.
Houston, a managing director, joined Barclays Wealth in 2009 as global head of relationship management and distribution. From 1999 to 2009, he worked in global wealth management at Bank of America Merrill Lynch in several senior roles including sales and product development leadership positions.
Petersen, a managing director, joined Barclays Wealth in 2008 as part of the acquisition of the Lehman Brothers Private Investment Management business.