Barclays Wealth, a unit of U.K.-based Barclays PLC (BCS, BARC.LN), recently recruited a team of investment representatives from Oppenheimer & Co. as the firm continues to boost its presence in the U.S.

William Scott and Steve Pritsios joined Barclays' office in Washington on Jan. 15.

The two representatives had a combined $1 million in annual production and managed $200 million in client assets. However, a person familiar with the team estimated their combined production at $600,000 with $40 million in assets under management.

Prior to joining Barclays, Scott and Pritsios worked for nearly a year at Oppenheimer & Co., a unit of Oppenheimer Holdings Inc. (OPY), after a six-month stint at Stanford Group. The team previously worked at FBR Capital Markets for nearly five years, according to Financial Industry Regulatory Authority records.

The addition of the two representatives comes as Barclays has hired 50 such professionals in 2009 and plans to recruit more than 100 more in 2010.

-By Brett Philbin, Dow Jones Newswires; 212-416-2173; brett.philbin@dowjones.com
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