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22 February 2013
Guernsey
Reporter Jenna Jones

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Barclays ups its captive game with management appointment

Barclays Wealth and Investment Management division in Guernsey has hired Colleen McHugh as a captive investment manager.

McHugh has moved to Guernsey from Bermuda where she worked as a private banker within the captive, insurance and reinsurance markets.

Commenting on her appointment McHugh said: “I’m looking forward to meeting new clients; developing trusting relationships and helping them find the right investment solutions. Over the years I have learned that listening to my clients and truly understanding their business is key.”

“Captives have unique investment requirements and it’s important that companies talk to advisors with relevant experience in the sector so that appropriate solutions are found for their clients.”

Ken Bradley, director at Barclays Wealth and Investment Management in Guernsey said: “I’m pleased to welcome McHugh to our team here in Guernsey. Her experience within the captive insurance market will be a key enhancement of Barclays offering and will ensure that we continue to meet the specific needs of our clients in this sector.”

In November last year Barclays named Simon Phillips as head of captive insurance, based in Jersey.

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