Barclays Wealth aims to double revenue in Asia by 2019
It's targeting markets like Japan, China and Indonesia; regional sales force to grow 25% over the next 12-18 months
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
BARCLAYS' wealth management business in Asia is expected to double its revenue by 2019 on the back of markets with burgeoning wealth that include Japan, China, and Indonesia, said a top executive in an interview.
With this, it is also boosting its sales force in the region by 25 per cent over the next 12 to 18 months, said Didier von Daeniken, head of wealth management for the Asia-Pacific, Middle East and Africa. The bank has about 100 private bankers in Singapore and Hong Kong. "We have the full support of London in pursuing a growth strategy in Asia," said Mr von Daeniken.
Copyright SPH Media. All rights reserved.
TRENDING NOW
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
Singaporeans can now buy record amount of yen per Singdollar
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Keppel DC Reit posts 13.2% higher Q1 DPU of S$0.02833 on strong portfolio performance
