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1 year ago

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Barclays to establish private bank booking centre in Singapore

The bank will provide quasi-institutional investment solutions.

Barclays will establish a Private Bank booking centre in Singapore, offering wealth management offerings and the ability to book assets locally to its ultra-high-net-worth (UHNW) clients and global family office (GFO) clients.

The new booking centre in Singapore is expected to be operational by 2026.

Barclays said that it will bring together “a team of experienced and dedicated professionals” for the centre.

Barclays Private Bank said that it will leverage its partnership with Barclays Investment Bank to deliver “an integrated ‘one-bank’ proposition.”

The bank will provide clients with quasi-institutional investment solutions, including access to sophisticated financial products and cross-asset class offerings.

The investment in Singapore is part of Barclays' expansion in the region, said Sasha Wiggins, CEO, Barclays Private Bank and Wealth Management.“Establishing the new booking centre further strengthens our global proposition, allowing us to better serve our clients,” Wiggins said in a statement announcing the new booking centre.

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