Barclays plans hiring spree to drive private banking and wealth management [Yahoo! Finance Canada]
Barclays PLC (BCS)
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Source: Yahoo! Finance Canada
Sasha Wiggins, chief executive of Barclays Private Bank and Wealth Management, said on Tuesday the lender had identified about 4 million Barclays UK customers with investable assets worth 250,000 pounds to 3 million pounds who could benefit from enhanced wealth management services. "The UK is a large market with client investable assets totaling some 3.5 trillion pounds ($4.45 trillion), split across digital investing, affluent and private banking segments," Wiggins said in a presentation to analysts in London. "It's a significant opportunity, both for the individual but also for the economy," she added, outlining plans to increase headcount and expand training of existing staffers. Barclays is one of several major international banks, including HSBC and Standard Chartered, looking to turbo-charge growth in their wealth management capabilities to offset declining revenues from lending in an environment of falling central bank base rates. Besides the UK, Wiggins said Barclays
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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