Faisal Ansari has been named as head of the newly formed corporate strategic solutions team at Barclays Corporate Banking in London, which oversees the captives business among other areas.
James Morris, managing director and head of UK insurance and captive banking at Barclays Corporate Banking, has been recognised for being at the forefront of kindness leadership.
Captives and other insurance companies should take a global view when looking for investment opportunities, and not be limited to investing in Europe and the US.
The volatility and uncertainty in many of the world’s economies can represent opportunities for captive managers willing to explore active rather than passive investment strategies. “There are plenty of opportunities for investors and captives to benefit from the volatility we are seeing,” Henk Potts, director, investment strategy, Barclays Private Bank, told delegates at the Bermuda Captive Conference yesterday (Wednesday June 12).
Barclays has promoted James Clegg to the role of captive insurance relationship manager in the Isle of Man.
Uncertainty over the UK potentially exiting the European Union (EU) has already led to a reduction in internal and external investment in the UK and more disruption is likely if the UK does exit.
Barclays has strengthened its captive insurance team with the appointment of a manager and a number of promotions.
Barclays Wealth and Investment Management has promoted 12 employees across its Guernsey and Jersey operations in its 2014 promotions round.
Richard Corrigan, formerly director for Barclays Wealth in Jersey, has been appointed global head of business development for Jersey Finance.