India

Mumbai, Delhi, Bangalore, Kolkata

Barclays Wealth is the UK's leading Wealth Manager and at June 2007 had £126.8bn client assets globally. It serves affluent, high net worth and intermediary clients worldwide, providing international and private banking, fiduciary services, investment management and brokerage. With a distinctive business model, Barclays Wealth aims to be the premier European Wealth Manager, attracting clients through world-class product, innovative solutions and outstanding service.

The Indian market is a key segment of our international strategy, with the onshore India AuM (Assets under Management) pool expected to grow from $55 billion in 2006 to almost $150 billion by 2009. There were an estimated 100,000 high net worth individuals in India in 2006, a 20% increase year-on-year, and growth continues at record levels.

Barclays Wealth is launching its onshore Private Banking business across India in Q1 of 2008, with the aim of becoming a top three player in this space within three years. The business will offer bespoke banking and investment solutions to high net worth individuals in India, and act as the product provider for India-linked investments to Barclays Wealth clients worldwide.

Barclays Wealth has quickly acquired an international reputation for its ability to attract the best talent in the market, and this will again be our primary aim as we build both our business and our brand in India. We will be seeking out the finest individuals in the financial services domain to ensure that our clients have access to the most knowledgeable, experienced private bankers, backed up by the strongest product experts and infrastructure specialists.

To find out more about the organisation, go to About Barclays Wealth.