Barclays Wealth, a unit of U.K.-based Barclays plc, announced Friday that it has opened a national U.S. trust company, Barclays Wealth Trustees (U.S.), NA., based in Delaware.
The company said this is an important addition to Barclays Wealth's client service offering in the Americas. "This is an exciting time in our development and we are proud to be investing in the U.S. and expanding our global trust services proposition with the recent opening of a Delaware U.S. trust company," said Rob Withecombe, Managing Director and Head of Wealth Advisory globally for Barclays Wealth, in a press release. "Trust and fiduciary services are a vital wealth management service for both our U.S. and non-U.S. clients, and this investment follows the addition of two further trust businesses in Asia over the past year."
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