Barclays wealth launches India operations

Mumbai, Nov 19: Barclays Wealth, the leading wealth manager in the UK, Wednesday, Nov 19 announced its plans for the promising Indian wealth market by providing private client advisory, succession planning and investment services to high and ultra high net worth individuals. Addressing a press conference here, Barclays Wealth Managing Director Mr Robert Morrice said, '' India is a key market for driving our growth strategy and enhancing our global footprint.

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.

UNI