Barclays beefs up corporate benefits arm

14 December 2011 10:51 am

It has also appointed Chris Mowatt, who now leads global stock & reward services. Mowatt has worked for 15 years in the share plans sector and joins from the Corporate Equity Solutions division at Morgan Stanley Smith Barney.
Both join as directors, reporting to Richard Phelps, managing director at Barclays Wealth Advisory and head of Corporate & Employer Solutions. Phelps was appointed earlier this year to expand Barclays’ workplace proposition.
The appointments are the latest in a string of new hires at Barclays Corporate & Employer Solutions that include Steven Threader from JLT Benefit Solutions, Caroline Sheppard and Tim Parker, both from Johnson Fleming and David Pinner from Lighthouse Group.

Phelps says: “Through focused hiring, strategic investment, and an expanded product platform, we look to leverage the expertise of the firm and going forward, to broadening the offering to our corporate clients.”

Ian Stuart, managing director, Barclays Corporate, says: “This is an important strategic opportunity and the growth of this team is key to our ability to serve our clients better. As our clients seek to reward, retain and engage their employees and as auto-enrolment deadlines approach, we see a growing demand for workplace-based services and employee benefits advice and solutions; the Corporate & Employer Solutions team is here to serve that need.”

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