BCS Plans Hiring to Boost Private Banking & Wealth Management Unit [Yahoo! Finance]
Barclays PLC (BCS)
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Source: Yahoo! Finance
This was stated by Sasha Wiggins, CEO of Barclays Private Bank and Wealth Management, in a presentation to analysts in London. Barclays has identified roughly 4 million Barclays UK customers with investable assets worth £250,000 to £3 million who can avail enhanced wealth management services. “The UK is a large market with client investable assets totaling some £3.5 trillion ($4.45 trillion), split across digital investing, affluent and private banking segments,” Wiggins stated. "It's a significant opportunity, both for the individual but also for the economy," she added alongside unveiling the plans to raise headcount and enhance training of existing personnel. In sync with this, Wiggins noted that the bank will also raise its annual technology spend in the business by more than 75% from 2021-22 levels. Further, she excluded any buyouts to boost growth and emphasized organic growth. BCS aims to grow its wealth management capabilities to offset declining revenues from lendin
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BCS
Sec Filings
- 12/2/24 - Form 6-K
- 11/19/24 - Form 13F-HR/A
- 11/15/24 - Form 13F-HR
- BCS's page on the SEC website