The market being the early stages of evolution provides an opportunity to engate with clients to share global wealth management trends and best practices. India is expected to be the eight largest market in world in terms of overall net wealth. Many family business will require guidance on stewardship of the next generation of wealthy along with advice on the appropriate wealth structurirng solutions.
He said, '' We are launching our services in India, at an opportune time as the current market conditions enables us to engage with our clients more deeply than ever before. We have put together a 20 member strong product team in India, who will be bringing in the local investement expertise and help engage with clients not only locally but also in other regions where they seek advise on India linked investments. Barclays Wealth currently has an office in Mumbai and will fully operations in Delhi, Banglore, Chennai and Kolkata in next few months.