Rickards, who will hold the title of head of offshore funds, will report to Paul Savery, managing director of personal and corporate banking in the Channel Islands.
For the last four years Rickards has been heading up the Guernsey funds team providing debt solutions for private equity and working with locally based fund administrators.
“Steve has 30 years’ experience with Barclays in corporate banking and international finance centers,” said Savery.
“The offshore business has worked hand in hand with the funds team in London to bring the very best of Barclays to our clients, and Steve has been a real catalyst to driving this relationship from a Guernsey perspective,” he said.
Rickards said Barclays was committed to growing its funds offering in Guernsey and Jersey.
“The fund sector is an important and growing industry sector for the island economies that Barclays is committed to supporting,” he said.
