Barclays has appointed Arne Hassel as chief investment officer for the global investments and solutions team of its Wealth and Investment Management business.
In this newly created role, Hassel will be responsible for the division’s investment functions, including its investment strategy, behavioural and quantitative finance and portfolio construction teams.
He joins Barclays from Coutts Private Bank where he has been head of investments since April 2014.
Hassel has not been replaced yet in his role at Coutts, the private bank confirmed.
Before working at the Queen’s private bank, Hassel was co-head of multi-asset allocation at the UK’s Universities Superannuation Scheme pension fund.
Barclays Wealth and Investment Management head of global investments and solutions Solomon Soquar says: “With over 25 years investment experience, spanning senior roles in banks, asset management companies, hedge funds and pension funds, Arne brings a depth of intellect, expertise and vision that we require in a CIO.”
Barclays Wealth and Investment Management has made a number of hires in recent months.
In June, the firm hired former Alliance Bernstein’s head of EMEA product development Mike Fullalove as head of fund products, and poached Citi Private Bank’s former global chief operating officer Dena Brumpton, as head of its UK Private Bank.
However, Barclays has also lost a number of senior staff members in the past few months.
Andy Brodie, former director and head of UK and Western Europe and global head of credit operations at Barclays W&IM left in July to join Standard Life as head of operations, while before that Towry hired Barclays Wealth and Investment Management vice president Michael Martin as a wealth adviser for its London office.