The founder of InfraHedge Ltd. Akshaya Bhargava will become the new chief executive of Barclays’ Wealth and Investment Management group, officials say.
Bhargava, who will be joining the bank on October 13, founded InfraHedge in 2010 and later sold it to State Street Corporation at the end of 2013, officials say.
Prior to InfraHedge, he was CEO of Butterfield Fulcrum Group Ltd. and founding CEO of Infosys BPO (business process outsourcing), officials say. He spent 22 years at Citibank, overseeing teams in London, India and the Czech Republic.
Bhargava began his career at Citibank in India in operations and relationship management roles before moving into transaction services, based out of London. He was chairman and country manager of Citibank in the Czech Republic for four years, before returning to London as global product management head for small business banking, officials say.
After 22 years with Citibank, he was approached by Infosys to set up a BPO offering in India, officials say. After Infosys absorbed the business in 2006, he took on the CEO role for the hedge fund administrator Butterfield Fulcrum. He saw the business through the financial crisis, restructuring it into a profitable business, officials say.
“The wealth management industry is evolving and clients’ needs are changing,” says Ashok Vaswani, chief executive of Barclays Personal and Corporate Banking, in a prepared statement about Bhargava’s hiring. “A leader who can drive success through transformational times and harness new technologies to enhance the client experience will help to position Barclays at the forefront of this industry revolution.”
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