Finance
Barclays to Add Singapore as Private Bank Booking Center by 2026
- Other Barclays centers currently include India, Switzerland
- Bank sold Singapore, Hong Kong wealth businesses in 2016
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Barclays Plc plans to add Singapore as its second booking center for its private bank operations in Asia Pacific, marking a full return to the wealth hub.
Rich clients will be able to park assets in the city-state by 2026, the London-based firm said in a statement on Tuesday. India has been its sole booking center in the region after Barclays sold its wealth businesses in Singapore and Hong Kong to Oversea-Chinese Banking Corp. in 2016.