Barclays Wealth claims interest in its private
investment banking services has increased four fold among its
Greater China clients.
The UK-based bank said its Asia-Pacific
strategy will continue to focus on Greater China as it seeks to
more than double its assets under management in the sub-region in
the next three years.
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Barclays Wealth said it is to set up a Greater
China desk based out of Singapore to better meet the needs of
clients from Greater China.
“Hong Kong continues to be a key centre for
us, while there is a strategic rationale for establishing a Greater
China desk in Singapore to complement our well established presence
in Hong Kong,” said Pakorn Boonya-kurkul, Head of North Asia,
Barclays Wealth.
Like all Asia-focused private banks, Barclays
Wealth’s Asia-Pacific business remains focused on serving the
entrepreneur segment with both investment advice and funding for
their businesses.
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