Barclays plans to hire derivatives conversant investment advisors in its London private banking office. Mercedes Paratje, global head of investment advisory in New York, said the recruits will advise high-net-worth individuals on investment opportunities and strategies, including investments and hedges which use derivatives. The recruits will report to Olivier Zucker, head of investment advisory in London. Zucker said he expects the hires to be on board early next month.
Paratje declined to specify the number of advisors she intends to hire, adding she is expanding the department in line with market growth. The market is growing as the level of sophistication and risk awareness of high-net-worth individuals increases.
