Barclays Wealth goes Wilde on risk

The UK firm creates the post of Asia-Pacific chief risk officer and hires UBS veteran Urban Wilde to fill it.

In a move that suggests a greater focus on managing risk locally and an increased level of regional autonomy in this area, Barclays' wealth-management arm has appointed its first chief risk officer for Asia-Pacific.

And Barclays Wealth continues to tap UBS talent by hiring Urban Wilde for the role. He will start on August 2 and report to global CRO Mark Cooke and Asia-Pacific chief executive Didier von Daeniken.

Based in Singapore, Wilde will manage the coverage of risk issues across the region, including risk framework design, implementation and effectiveness. He will oversee the operational and credit risk teams, whose respective heads now report to him, and will sit on the Asia-Pacific management committee.

Wilde was most recently managing director of strategic projects with UBS's risk team in Zurich and has been at the Swiss bank for more than 20 years. He has also served as head of credit risk control for the Americas, head of international credit risk management and, from 2005 to 2009, Asia-Pacific chief credit officer.

UBS declined to comment on whether Wilde has been or would be replaced.

This appointment follows recent senior hires -- several of whom were drawn from UBS -- by Barclays Wealth across the Asia-Pacific region in the past six months, including Srinivas Siripurapu as head of South Asia and Southeast Asia, Vikram Malhotra as head of South Asia, Bryan Henning as Asia head of global research and investments and Helen Pun as market head for Hong Kong.

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