Barclays to restructure Wealth and Private Bank arms

The new structure will "bring together" the two divisions, although it is yet unknown precisely how this will look in practice. A Barclays spokesperson said the intention was to position its combined wealth franchise for "future growth". The process is ongoing and remains subject to regulatory approval. A spokesperson added: "We will provide more detail on our plans in due course." Last week it was revealed Barclays Wealth CEO Dirk Klee had departed the firm three and a half years after he joined and is set to take the top role at the Swiss cryptocurrency house, which was founded i...