Barclays Wealth has appointed Michael A. Burke as a managing director and regional manager of its Washington D.C. office.
In this newly-created role, Burke will manage all aspects of the DC office, which opened in mid-2009, and grow Barclays Wealth’s business in the DC metro area and Mid-Atlantic region.
He will report to Steve Houston, head of wealth management, who oversees the branch manager and investment representative network in the Americas.
Burke brings extensive wealth management experience to his new position, including over 15 years in sales management. Most recently, he was head of Deutsche Bank Alex Brown, the US private client services division of Deutsche Bank, overseeing 300 advisors in 16 offices, and a member of the board of directors of Deutsche Bank Securities.
Prior to that, Burke worked at Morgan Stanley for 17 years, serving in several senior sales roles including director of national sales and regional director for the Southern US.
Burke began his career as a fixed income specialist at Smith Barney before becoming a financial adviser at Morgan Stanley.
"Michael has tremendous experience in building and managing wealth management businesses at the branch, regional and national level," says Mitch Cox, head of Barclays Wealth, Americas, and head of global research and investments for all of Barclays Wealth. "We are delighted to have a professional of his stature join our branch management team in the Americas as we continue to expand regionally."
"A high-end private wealth boutique properly integrated into a global banking powerhouse offers a tremendous opportunity for Investment Representatives and clients," says Burke. "Barclays Wealth is just that, and I am delighted to be joining the firm as they continue their rapid growth in the US."