Barclays Wealth has hired six directors in
Indonesia and China as part of its strategy to target high net
worth (HNW) and ultra-HNW (UHNW) individuals in Asia-Pacific.

The appointments follow hires across other
Asia Pacific countries last year, where Barclays Wealth added 20
bankers to cater for HNW and ultra-HNW non-resident Indians.

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Two booking centres in
Asia

The UK-based wealth manager has made
significant strides in Asia-Pacific in the past year, a region
acknowledged as the fastest expanding region for HNW in the
world.

In November 2010, Barclays Wealth set up a
booking centre in Hong Kong – its second in Asia, after
Singapore.

 

JV with Sumitomo Mitsui, Nikko
Cordial

In July 2010, Barclays Wealth announced a
private banking joint venture in Japan with Sumitomo Mitsui Banking
Corporation and Nikko Cordial Securities to provide wealth
management services HNW individuals in Japan.

The appointments in China and Indonesia have
taken place over the last five weeks and include:

 

  • Barbara Yenson as director responsible for serving HNW and UHNW
    in Hong Kong. She was previously the executive vice president at
    RBS Coutts in Hong Kong since 2005.
  • Preditha Dewi and Cicilia Audrey Rei as directors for the
    Indonesia team. Dewi was previously with Bank Commonwealth in
    Indonesia for the past decade. Rei worked for Credit Suisse since
    2006.
  • Dicky Ang, who will serve the HNW and UHNW clients in Singapore
    and Malaysia. He was previously with HSBC.
  • Benjamin Yeo as director, head of research, economics and
    strategy for Asia. His responsibilities will include managing the
    onshore businesses in Japan and India. He joined Barclays Wealth
    from Bank of Singapore, where he was head of equity research.
  • Ian Tay, appointed director within the Southeast Asia active
    advisory team.  He joined Barclays Wealth from JP Morgan
    Private Bank, where he was an investment specialist.