Barclays Hunts for Private Banking Deals Amid Singapore Rebuild

Barclays Plc. is on the prowl for deals that will expand its business catering to Asia’s wealthy six years after largely retreating from the space.

The British lender is looking to buy assets and hire bankers to the super-rich, with a focus on Asia and Africa, Jean-Christophe Gerard, the Geneva-based chief executive of Barclays Private Bank said in an interview. The French national is fresh off a February deal in which Credit Suisse Group AG agreed to refer its private banking clients to Barclays across nine African markets.