FILE PHOTO: Workers are seen in Barclays bank offices in the Canary Wharf financial district in London, Britain, November 17, 2017. REUTERS / Toby Melville
July 6, 2021
ZURICH (Reuters) – Barclays has appointed Evonne Tan, UBS’s head of private banking in Singapore, the UK bank said Tuesday, to build on its corporate and investment banking activities in Asia Pacific to do more business with the Rich.
Barclays has expanded its private banking business in Europe, leveraging its investment bank’s connections with wealthy entrepreneurs, family offices and corporations.
With the appointment of Tan, Barclays is hoping to pursue a similar strategy to provide bespoke investment services and sophisticated products to the ultra-rich in Singapore, a statement said in a statement.
“As we continue to strengthen our presence here, we see this appointment as a great opportunity for us to look after (ultra high net worth individuals) and family offices and to combine them with our expertise and skills in one of the fastest growing wealth management locations worldwide. “Jean-Christophe Gerard, head of Barclays Private Bank, said in the statement.
Tan will join the UK lender from UBS, the world’s largest asset manager, where she ran business for very high net worth individuals in Singapore.
(Reporting by Brenna Hughes Neghaiwi; editing by Jason Neely)
This article originally appeared on www.oann.com