18 Nov '11, 12pm

Barclays Wealth to set up Greater China desk in S'pore: SINGAPORE: As part of Barclays Wealth's market strategy

Barclays Wealth to set up Greater China desk in S'pore: SINGAPORE: As part of Barclays Wealth's market strategy

SINGAPORE: As part of Barclays Wealth's market strategy for Asia next year, it is currently in the midst of setting up a Greater China desk based in Singapore. It added that it is trying to build up its pool of senior bankers in private banking. The global wealth management division of Barclays PLC hopes to double its assets under management in Greater China in the next three years. China, Hong Kong and Taiwan have seen double-digit annual growth by percentage in the number of wealthy individuals. Mr Pakorn Boonyakurkul, Head of North Asia at Barclays Wealth, said: "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. "This presents us the platforms for offering Greater China clients with choices for doing business with a Hong Kong-bas...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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