Barclays Wealth has opened a national US trust company based in Delaware, Barclays Wealth Trustees (US).
Leveraging the strength of its wealth advisory business, the new US trust business presents an important addition to Barclays Wealth’s client service offering in the Americas.
"This is an exciting time in our development and we are proud to be investing in the US and expanding our global trust services proposition with the recent opening of a Delaware US trust company," says Rob Withecombe, managing director and head of wealth advisory globally for Barclays Wealth. "Trust and fiduciary services are a vital wealth management service for both our US and non-US clients, and this investment follows the addition of two further trust businesses in Asia over the past year."
Barclays Wealth Trustees offers high net worth clients the ability to create US trust and estate planning structures and choose jurisdiction in any of the 50 US states. BWT can act as a trustee, co-trustee or agent in trust administration. The fiduciary services offered by BWT follow a disciplined asset allocation process that leverages the firm’s research team and investment strategy.
"Our US trust platform offers the flexibility our clients need to meet the challenges common to high net worth individuals and families," says Claire Rosati, a director at Barclays Wealth and president of Barclays Wealth Trustees.
Barclays Wealth in the Americas has 14 offices, including its trust company office, and provides e wealth management to high net worth individuals and families.
