Barclays to restructure Wealth and Private Bank arms

Subject to regulatory approval

James Baxter-Derrington
clock • 1 min read

Barclays is set to undergo a structural update in order to combine its Wealth and Investments 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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

IFAs look to boost clients' private markets exposure

IFAs look to boost clients' private markets exposure

Expect increase in stock market volatility

Jen Frost
clock 02 July 2025 • 2 min read
Winds of change: Private markets access for retail investors

Winds of change: Private markets access for retail investors

Investing in LTAFs, accessibility aside, needs careful consideration

Dorian Hughes
clock 02 July 2025 • 5 min read
Stock pickers call for caution over rapid return to US equities

Stock pickers call for caution over rapid return to US equities

Quilter's WealthSelect boosts fixed income and reduces equity exposure

Linus Uhlig
clock 01 July 2025 • 1 min read