Bank of Valletta has announced a new strategic alliance with with Barclays Wealth, a leading global wealth management firm. As part of this agreement, BOV clients will be able to access a range of Barclays Wealth investment solutions and services which were previously not available onshore in Malta.
Bank of Valletta’s partnership with Barclays Wealth provides opportunities for BOV’s clients to access Barclays proprietary funds (including the Global Beta range of funds) and other services and solutions. Barclays Wealth has chosen to partner with BOV because of its size, its reach within Malta and its reputation for professionalism and excellence in client care.
The agreement was signed by Tonio Depasquale, CEO at Bank of Valletta and Pete Horrell, Managing Director at Barclays Wealth.
“Through this agreement, Bank of Valletta customers will benefit from Barclay’s expert support and specialists in the market sector through BOV’s team of financial advisors,” said Mr Depasquale. “Bank of Valletta and Barclays Wealth will work closely with our investors to understand their specific requirements, help them select the right products and services and connect them to the wider range of financial support and expertise available from across the Barclays Group.”
“Bank of Valletta is now giving access to an even more extensive choice of investment products, including world-class managed funds by Barclays,”,continued Mr Depasquale. “This gives investors access to collective investment solutions covering a broad spectrum of markets and geographical sectors”
Commenting on the venture, Mr Horrell said, “This alliance hits the sweet spot for the international Intermediaries business, cementing a partnership with a well established and highly regarded financial institution in a market where Barclays does not have an onshore presence. We will be working closely with BOV to provide access not only to our funds, but to support and advice throughout the distribution process.”
A joint event was held today when BOV clients had the chance to hear from Barclays Wealth’s Head of Global Investment Strategy, Kevin Gardiner, about the current macro-economic trends facing the global economy.
Barclays Wealth is a leading global wealth manager, and the UK’s largest, with total client assets of £170bn, as at 30 June 2011. With offices in over 20 countries, Barclays Wealth focuses on private and intermediary clients worldwide, providing international and private banking, investment management, fiduciary services and brokerage.
Barclays is a major global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management with an extensive international presence in Europe, the Americas, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 145,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide
For further information about Barclays Wealth, please visit www.barclayswealth.com [1].