Barclays Said to Plot 100 Private-Banking Hires in Global Push
- Move comes after hire of ex-Goldman Sachs banker Karen Frank
- Expansion follows reductions at wealth unit in recent years
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Barclays Plc plans to recruit 100 staff for its private bank as Chief Executive Officer Jes Staley pushes to expand wealth management in key global hubs, according to a person familiar with the strategy.
The bank is searching for relationship managers and administrative staff for the division serving its wealthiest clients, said the person, who asked not to be identified because the plans are private. The hires, first reported by Reuters, follow a decision to add 50 to 100 staff at the investment bank under Barclays International CEO Tim Throsby, the person added.