Barclays to establish new Private Banking booking centre in Singapore

• Singapore is a key wealth hub for Barclays Private Bank
• Booking centre supports growth of Asian ultra-high-net-worth and global family office clientele

Singapore, 26 November 2024 – Barclays announces its plans to establish a new Private Bank booking centre in Singapore. The new booking centre reinforces Barclays Private Bank’s commitment to expanding in Asia as it continues to provide specialist investment, banking, lending and wealth advisory services to its ultra-high-net-worth (UHNW) clients and global family office (GFO) clients.

Through the Singapore booking centre, Barclays Private Bank will offer clients a comprehensive wealth management offering, with the ability to book assets locally. It will leverage its partnership with Barclays Investment Bank to deliver an integrated ‘one-bank’ proposition that will provide clients with quasi-institutional investment solutions, including access to more sophisticated financial products and cross-asset class offerings.

“Asia Pacific is one of the fastest growing wealth markets, and this strategic investment in Singapore underscores our commitment to expand in the region. Establishing the new booking centre further strengthens our global proposition, allowing us to better serve our clients,” said Sasha Wiggins, CEO, Barclays Private Bank and Wealth Management.

“We are focused on meeting the needs of our international clients in the region with enhanced banker coverage and product capabilities. This investment in Singapore, combined with our market-leading UK and Indian franchises, positions us to strategically capture strong global and regional inflows, while enhancing our ability to offer seamless cross-border wealth management solutions,” said Nitin Singh, Head of Barclays Private Bank, Asia Pacific.

“Asia is a very important market for Barclays Private Bank, and we have gone through a three-year journey of establishing our presence in Singapore. The announcement today is a testament to our long-term commitment to the region. This centre will not only strengthen our operational capabilities but will also allow us to offer our clients a greater range of wealth management products and services,” said Evonne Tan, Head of Barclays Private Bank, Singapore.

The new booking centre in Singapore is expected to be operational by 2026, bringing together a team of experienced and dedicated professionals focused on delivering the best of Barclays to its private banking clients.

Notes for Editors

About Barclays
Our vision is to be the UK-centred leader in global finance. We are a diversified bank with comprehensive UK consumer, corporate and wealth and private banking franchises, a leading investment bank and a strong, specialist US consumer bank. Through these five divisions, we are working together for a better financial future for our customers, clients, and communities.

About Barclays in Asia Pacific
Barclays has been in Asia Pacific for over 50 years and primarily supports corporations and financial institutions across the Asia Pacific region, catering to their cross-border Investment Bank needs and connecting them to the capital markets of UK, Europe, and the Americas. The bank also has a growing Private Bank business in Asia Pacific, with operations in both India and Singapore. Barclays in Asia Pacific is headed by Jaideep Khanna, who also leads the bank’s Global Markets business in the region. Its regional Investment Banking business is led by Vanessa Koo and Nitin Singh heads its Asia Private Banking business.