Following an internal reorganisation, the Barclays Corporate Jets & Superyachts (CJ&S) team now forms part of Barclays Wealth, a leading global wealth management firm, having previously been run as part of the Barclays Corporate business.
The CJ&S team, with over 30 years of combined experience, will continue to support the high end of the private jets and superyacht market with structured finance facilities in the region of £10m upwards available for the purchase of both new and pre-owned private aircraft and yachts. Together with assistance for new constructions across a range of international jurisdictions, subject to individual criteria.
Commenting on the change, Carlo Sammartano, Head of Credit Product, said:
“The transition of the CJ&S proposition to Barclays Wealth is extremely positive, and there is a natural fit for the profile of the ultra high net worth clients we are dealing with. The CJ&S proposition will join the suite of other products and services already offered by Barclays Wealth to existing and prospective clients globally, strengthening and supporting the Barclays Wealth brand”.