• Thu. Oct 22nd, 2020

Barclays to enter new European private banking markets in 2021

Barclays to enter new European private banking markets in 2021
ZURICH (Reuters) – Barclays BARC.L plans to enter four new European private banking markets in 2021, its regional supervisor for the industry told Reuters.

FILE PHOTO: Workers are viewed in at Barclays financial institution workplaces in the Canary Wharf financial district in London, Britain, November 17, 2017. REUTERS/Toby Melville

Gerald Mathieu, who in September turned Barclays’ private banking head for Europe exterior Britain, acknowledged the British financial institution modified into once taking a seek to begin up the industry in France, Italy, Spain and Germany subsequent year.

“These are the worldwide locations where we witness rather a lot of alternatives, additionally because we now contain a extremely solid footprint of company and investment banking in the community,” Mathieu acknowledged in an interview.

“The premise is to contain a capital-gentle formulation and work in very cease collaboration with the investment financial institution in the community, focusing on household workplaces, ultra high rep rate folks, and a few qausi-company or institutional purchasers.”