Nov. 19 (Bloomberg) -- Barclays Plc, the U.K.'s third- biggest bank, is to create 800 jobs at its private banking unit as it increases services for wealthy clients.

The jobs, which will include project managers, marketing, finance and compliance roles, will be filled in Glasgow, London, Geneva and Singapore, London-based Barclays Wealth said today in a statement.

The wealth of the world's millionaires swelled at the fastest pace in seven years last year, led by growth in emerging markets, according a survey by Capgemini SA and Merrill Lynch & Co. in June. Barclays last month said its wealth unit, which contributes about 4 percent of total pretax profit, was ``performing in line with expectations.''

``It's been a long-term ambition of Barclays to grow their wealth-management business,'' said Derek Chambers, an analyst at Standard & Poor's Equity Research in London who has a ``buy'' rating on the stock. ``The results have not been spectacular so far.''

Barclays Wealth last month said it would shift 392 administrative jobs to other sites with the closure of an office in Peterborough, England. The new jobs created today don't include employees moving location, the company said.

Barclays declined 3.5 percent to 491.25 pence in London trading, giving the company a market value of 32.7 billion pounds ($67 billion).

To contact the reporter on this story: Jon Menon in London jmenon1@bloomberg.net;

Last Updated: November 19, 2007 12:39 EST