06:56 AM EDT, 07/10/2024 (MT Newswires) -- Barclays ( JJCTF ) is planning to triple its wealth team in India and Singapore, with the goal of quadrupling private banking assets in Asia by the end of 2028, Bloomberg reported late Tuesday, citing an interview with Nitin Singh, head of the wealth division for the region.

Barclays ( JJCTF ) aims to boost client assets by targeting ultra-rich individuals and family offices, the report said.

Barclays ( JJCTF ) said Wednesday that it has named Hussain Selani as head of India investments and for Indians abroad, Bloomberg reported.

Barclays ( JJCTF ) will target clients in Singapore with over 10 million pounds ($11.8 million) in investable assets, compared with 3 million pounds in India and 5 million pounds elsewhere, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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