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Barclays Wealth Strengthens African Team

Barclays Wealth, the global wealth management division of Barclays, has expanded its Africa team with the appointment of five new private bankers to its International Private Bank (IPB) Europe, Middle East and Africa (EMEA).

Chris Hocking, recently appointed as head of Africa team within the IPB, has taken on responsibility for coordinating the strategic growth of the business across the market. Mr Hocking will deliver the full capabilities of Barclays Wealth and work closely with Barclays Corporate and Barclays Capital where required by clients.

Prior to this role, Mr Hocking spent two years on secondment with Absa where, as CEO Absa Wealth, he was responsible for building and driving the wealth proposition across South Africa.

Further appointments include Nimi Akinkugbe, who joins as a director, covering Nigeria and West Africa. Ms Nimi has worked within wealth management for 20 years and joins from Stanbic IBTC Bank, where she was general manager and head of private client services.

Banou Malonga joins as director and will also report to Chris Hocking. Mr Malonga, based in Geneva, joins from Credit Suisse where he was a member of the ultra high net worth team. Prior to this, he was a private banker with Goldman Sachs, covering the African market.

Linda Asafo-Agyei, Diaraye Diallo and Segun Okubanjo have also all joined the Africa team based in London as as vice-presidents.

Mr Hocking said: “Ms Nimi’s knowledge of the local Nigerian and broader West African market will prove invaluable. She will work to spearhead the growth and development of our West African operation and will report in to me.

“The new additions to the team have valuable insight into the opportunities available in existing and new markets within West Africa. The Barclays Africa business has onshore representation in Kenya, Uganda, Tanzania, Ghana and within South Africa through Absa Wealth.”