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Over 10 Barclays RMs said to be be leaving before OCBC takeover

Sources said they will be moving to Stanchart, which had earlier hired global private banking head from Barclays

Barclays decided to sell its Asian private bank last year as part of a wider retreat to focus on its business in the UK and US.


STANDARD Chartered plc has stepped up its hiring from Barclays plc's private banking team in Hong Kong ahead of the transfer of the business to OCBC Bank, in a move that underscores the stiff competition for wealth managers in Asia.

More than 10 Barclays relationship...