Eyes on pioneering private bankers

Published on

Friday, December 16, 2011

Written by

Andrea Zavadszky [1]

Amid the overcast economic outlook, Hong Kong appears to be a bright light beckoning a host of financial companies, all vying for continuing growth. In the past year, Barclays Wealth - the eponymous bank's global wealth management arm - has seen a four-fold growth in interest in its private banking services in Greater China in terms of high net worth clients with at least US$3 million (about HK$23.3 million) assets to invest.

Therefore, Barclays Wealth will continue to focus in 2012 on this part of Asia Pacific, aiming to more than double its assets under management in Hong Kong, China and Taiwan in the coming three years.

A relative newcomer in wealth management to North Asia, Barclays Wealth has a total of over 100 bankers in Hong Kong and Singapore, and is planning to increase the collective headcount by 50 pe