U.S. Trust lures three advisers from Barclays Wealth

U.S. Trust, the wealth management unit of Bank of America Corp., said this week it has hired three advisers from rival firm Barclays Wealth. The firm named both Ray Schuville and George Jenckes private client advisers and Josh Glazer private client manager. All three will be based in New York. Mr. Schuville had worked at Barclays Wealth as a managing director since September 2008, when Barclays bought Lehman Brothers' American Private Investment Management business. Before Barclays, Mr. Schuville also worked at J.P. Morgan Chase as a senior investment banker, and he has more than 30 years of experience in the financial services industry, according to U.S. Trust's press release. Mr. Jenckes had also been with Barclays Wealth since September 2008, and at that firm he was a vice president and managed relationships for high-net-worth families, endowments and foundations. Like Mr. Schuville, Mr. Jenckes had also worked at J.P. Morgan Private Bank, where he was a global investment specialist. Mr. Glazer also joined from Barclays Wealth Americas, through its acquisition of Lehman Brothers' American Private Investment management business, where he was assistant vice president and managed relationships for wealthy families, endowments and foundations. Mr. Glazer focused on global investment strategy at the firm, including strategic and tactical asset allocation, within client portfolios. In their new roles at U.S. Trust, all three men will report to U.S. Trust's northeast regional executive for New York and North Carolina, Thomas Boehlke. U.S. Trust, which is part of BofA's Global Wealth & Investment Management unit, is responsible for $308 billion in client assets, and has 140 offices in 32 states.