(Bloomberg) -- Barclays hired Akshaya Bhargava as chief executive officer of its wealth and investment management business to replace Peter Horrell, who stepped down.

Bhargava will start on Oct. 13 and most recently ran InfraHedge, a company he created in 2010 and sold to State Street last year, London-based Barclays said in a statement today. He began his career at Citigroup in India and worked for the company for 22 years.

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