Barclays Taps JPMorgan Exec For New Managing Director Position
Barclays Wealth has hired JPMorgan Securities executive Joseph Danowsky to serve in the new position of managing director and head of solutions for the Americas.
In his new role, Danowsky will be responsible for working with clients to manage stock-related holdings, particularly restricted and concentrated stock positions, after having worked in that area at JPMorgan for the past three years.
Danowsky will work with Barclays clients including high net worth individuals, corporations and private equity and venture capital funds. He will focus on transactions including corporate stock buyback and stock option administration for executives; hedging and monetization, share distributions and restricted stock sales for venture capital and private equity funds; and hedging, monetization and sales strategies for restricted and concentrated stock positions for individual clients.
Prior to JPMorgan, Danowsky worked at Bear Stearns for more than 20 years, where he held positions including senior managing director for the firm’s advisory services and wealth management businesses.
“Helping clients manage restricted and concentrated stock positions is a critical capability, and enhancing our expertise in this area is part of the firm’s continuing investment in the Americas business,” Mitch Cox, head of Barclays Wealth in the Americas, said in a prepared statement, while also calling Danowsky a “great asset” to the firm.
Danowsky is based in New York and reports to Paul Morton, head of capital markets, operating platforms and business strategy at Barclays Wealth in the Americas.
Lorie Konish writes for On Wall Street.