Barclays opens private bank booking centre in Singapore

Barclays has opened a private bank booking centre in Singapore, as part of its strategy to expand internationally in the wealth management sector. The centre, which offers access to Barclays' global banking, lending, investment and wealth planning services, aims to serve clients with international connections. This move comes as competition for wealth assets in Singapore intensifies, with various banks striving to bolster their respective wealth businesses in the region.

Prior to this, Barclays had exited the wealth business in Singapore and Hong Kong in 2016, selling its private banking units to Bank of Singapore. The new booking centre's launch underscores Barclays' commitment to the Asia-Pacific market and its ambition to cater to the evolving needs of clients who seek global connectivity and tailored financial advice.