Barclays Wealth beefs up alternatives team

Barclays’ private client business has lured HSBC Private Bank’s global head of private equity as it seeks to grow its alternatives programme.

Barclays Wealth, the private client business of the global bank, has hired Boudewijn Jansen, the former global head of private equity at HSBC Private Bank, as head of private equity origination.

The appointment is part of concerted push by the wealth management business into the alternatives space. Barclays Wealth, which has £153.5 billion (€185.2 billion; $244 billion) under management, is looking to hire more personnel in the area, a spokesperson said.

Barclays Wealth: Pushing into alternatives

In his new role, Jansen will identify suitable private equity fund opportunities, conduct due diligence and structure products for clients, mirroring his last role within HSBC’s private equity and alternative investment group.

Jansen’s previous experience includes stints at Bankers Trust International, Warburg Pincus and Drexel Burnham Lambert during the early 1990s. More recently he has held a number of corporate management positions, including chief operating officer of internet company Espotting Media and software company Mathias Client Software Management. He joined HSBC Alternative Investments in 2002.

Jansen will report to Thomas Fekete, Barclays Wealth’s EMEA head of investment products. He is joined in the alternatives team by Sarah Newman, formerly of JPMorgan Chase’s equity derivatives business, who will originate hedge fund opportunities.