View more on these topics

Chelsea’s Woodbridge joins Barclays Wealth

Chelsea Financial Services head of investment products Matthew Woodbridge is leaving to join Barclays Wealth.

Last week, Moneymarketing.co.uk revealed Woodbridge, who joined Chelsea in 2000, is leaving on April 5 to join Barclays Wealth as a vice-president.

He will be responsible for product development and res-earching tax-efficient vehicles such as venture capital trusts and enterprise investment schemes as well as analysing structured products.

Woodbridge will mainly focus on Barclays Wealth’s private client offering rather than the retail business. He will report to head of tax and development Keith Wilson.

Woodbridge says: “I have enjoyed my time at Chelsea Financial Services but I felt the time was right to move on. I am looking forward to joining Barclays Wealth and the challenges that lie ahead.”

A Chelsea spokeswoman says: “We wish Matthew well at Barclays Wealth.”

Hargreaves Lansdown investment manager Ben Yearsley says: “This is a loss for Chelsea as Woodbridge knows the VCT sector well. Barclays Wealth deals with a lot of VCTs and so he will be a good addition to the Barclays department.”

Barclays Wealth services both intermediaries and private clients and manages £3.7bn of retail client assets, according to statistics from the Investment Management Association.

This week, it launched five risk-rated model portfolios for intermediaries, with a minimum investment of £25,000. The model portfolios are available on Ascentric.

Recommended

Tony Wickenden: FAQs on entrepreneurs’ relief

As promised last week, I am going to look at some of what I believe to be frequently asked questions in relation to entrepreneurs’ relief. I am doing this because many clients of advisers considering the investment of corporate funds are unclear as to the basic rules, let alone planning opportunities. With all this in […]

Virgin Money to no longer offer fast track

Virgin Money is to no longer offer a fast track facility for mortgage applications. This means that all mortgage applications will now require income verification.   All pipeline applications already agreed on a fast track basis will be honoured, unless there is a material change to the case which takes it outside of fast track […]

EC approves transfer of Royal Mail pension to Govt books

The European Commission has approved the Government taking on £37.5bn of Royal Mail’s pension liabilities. The move will also see £28bn of assets transferred to the Government books and will remove a major obstacle to privatisation of the service. The EC will today announce whether the transfer breaks state aid rules. This morning, European Commissioner […]

Nationwide sets up £1.5bn securitisation

Nationwide has set up a £1.5bn securitisation backed by UK prime residential loans. The transaction, which will help to fund new lending, is being offered through the Silverstone master trust and will be backed by first-charge, owner- occupier loans originated by the building society. The average loan to value of the loans is 60 per […]

Greg Broomer 2

Survey looks at the challenges facing businesses post auto-enrolment

A survey conducted by Johnson Fleming at the Pension & Benefits Show 2014 highlighted the key challenges faced within organisations post auto-enrolment. The results showed that communicating the changes and the value of them to staff, and receiving timely data from the payroll provider proved to still be the most challenging aspects of managing an auto-enrolment scheme.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

Leave a comment