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London-based Barclays, a multinational universal bank, is planning for a significant expansion in the Asian market, focusing on family offices and the ultra-wealthy in Singapore and India.

According to media reports, the bank aims to quadruple its private banking assets in the area by the end of 2028.

Notably, Barclays' wealth business head, Nitin Singh, intends to triple his wealth team in Singapore and India to achieve this goal.

Across its wealth divisions, Barclays handles approximately £183 billion ($234 billion) in customer deposits, loans, and invested assets; Asia's portion is in the high teens.

 

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