Barclays Wealth appoints Pauline Tierney to corporate actions role

Barclays Wealth, the UK's leading wealth manager, today (19 July 2007) announced the appointment of Pauline Tierney as Head of Corporate Actions for its UK Investment Operations.

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The Associate Director role, based in The Aurora Building, Glasgow, has been created to support the planned expansion of the company's operations arm in the city.

Tierney, formerly Vice President and Unit Head of Asset Servicing Europe at State Street Corporation and Head of Treasury Dept at Deutsche Bank, will bring nineteen years industry experience to Barclays Wealth when she joins the 10-strong UK operations management team in mid-July.

This key appointment has been made as part of Barclays Wealth's commitment to create 500 new jobs in Glasgow over the next three years, following the award of a Scottish Development International (SDI) grant in November 2006. The new positions are a mix of finance, human resources, operations and IT roles.

Tierney will be pivotal in the development of the infrastructure hub in Glasgow which is being expanded to ensure the company's growing client base has access to a premium, market leading service.

Ramsay Urquhart, Head of UK Investment Operations at Barclays Wealth said: "Pauline's appointment is the first of many senior hires which will be announced over the coming months to facilitate the rapid expansion of our existing infrastructure capability. She is a well-known and respected figure who will undoubtedly be key to driving our ambitious plans over the next three years.

"Barclays Wealth has had a strong presence as an employer in Glasgow for over twenty years and we are delighted to be building on this success and demonstrating our commitment to Scotland through this rapid expansion."

Pauline Tierney said: "These are exciting times for Barclays Wealth in Scotland and I relish the opportunity of contributing towards the significant expansion of the infrastructure and service functions. Quality of service is paramount in the global financial services industry and I look forward to applying my experience to help build a world-class service platform in Glasgow."

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