The centre will offer clients access to quasi-institutional investment solutions and cross-asset class offerings.

Barclays said on Tuesday it planned to set up a new private banking booking centre in Singapore by 2026 to tap into the city-state's expanding pool of ultra-wealthy clients, financial institutions, and family offices.

On Tuesday (Nov 26), Barclays announced plans to make Singapore its second booking centre in Asia Pacific for its private bank operations, marking its full return to the city-state’s wealth management market after exiting in 2016.

Barclays PLC BCS intends to establish a new Private Banking booking center in Singapore, expanding its presence in the Asian region. The center is anticipated to be operational by 2026 to serve the company’s private banking clients.