Barclays Wealth and Investment Management in Guernsey boosts captive insurance capabilities with new appointment
Barclays has appointed a new captive investment manager to its Wealth and Investment Management division in Guernsey.
Colleen McHugh has moved to the island from Bermuda where she worked as a private banker within the captive, insurance and re-insurance markets.
Ms. McHugh has comprehensive experience in the investment and financial services industry with specialist knowledge of the asset management and private banking markets and a key understanding of working within the captive sector.
Ms. McHugh is a qualified financial advisor and is registered with the Chartered Insurance Institute. She is an experienced securities trader and holds a representative qualification with the National Association of Securities and Dealers (NASD).
“Captives have unique investment requirements and it’s important that companies talk to advisors with relevant experience in the sector in order that appropriate solutions are found for their clients,” said Ms. McHugh.
“Having worked in Bermuda, which is one of the leading captive jurisdictions in the world, I feel confident that my skills can complement Barclays significant investment offerings so that together we can add value for captive insurance companies and their clients.
“I’m looking forward to meeting new clients; developing trusting relationships and helping them find the right investment solutions. Over the years I have learned that listening to my clients and truly understanding their business is key.”
Ken Bradley, director at Barclays Wealth and Investment Management in Guernsey said: “I’m pleased to welcome Colleen to our team here in Guernsey. Her appointment follows the recent addition of Simon Phillips as head of captive insurance and further demonstrates our capabilities in this area.
“Colleen’s experience within the captive insurance market will be a key enhancement of Barclays offering and will ensure that we continue to meet the specific needs of our clients in this sector.”