Barclays picks hedge fund platform founder to head wealth unit

Reuters – Barclays has named the founder of a managed account platform for hedge funds as the new boss of its wealth and investment management arm.

Barclays said on Monday that Akshaya Bhargava would join as chief executive of wealth and investment management on Oct. 13 from InfraHedge Ltd, an operator of infrastructure solutions for institutional investors in hedge funds that he founded in 2010 and sold to State Street Corp. at the end of 2013.

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