Barclays Private Bank to Setup Booking Centre in Singapore in 2026 Providing Clients with Comprehensive Wealth Offering & Ability to Book Assets in Singapore
16th February 2026 | Hong Kong
Barclays Private Bank is on track to setup a booking centre in Singapore in 2026 (Announced in 2024 November), providing clients with comprehensive wealth offering & ability to book assets in Singapore. Barclays (26/11/24): “Barclays announces its plans to establish a new Private Bank booking centre in Singapore. The new booking centre reinforces Barclays Private Bank’s commitment to expanding in Asia as it continues to provide specialist investment, banking, lending and wealth advisory services to its ultra-high-net-worth (UHNW) clients and global family office (GFO) clients. Through the Singapore booking centre, Barclays Private Bank will offer clients a comprehensive wealth management offering, with the ability to book assets locally. It will leverage its partnership with Barclays Investment Bank to deliver an integrated ‘one-bank’ proposition that will provide clients with quasi-institutional investment solutions, including access to more sophisticated financial products and cross-asset class offerings. The new booking centre in Singapore is expected to be operational by 2026, bringing together a team of experienced and dedicated professionals focused on delivering the best of Barclays to its private banking clients.” In 2026 February, Barclays hired UBS & Credit Suisse 33-year veteran Werner Schlossmacher as Chief Operating Officer for Barclays Private Bank Asia. Werner Schlossmacher has 37 years of private banking & financial industry experience at UBS, Credit Suisse & Barclays Capital and held senior roles including as Head Operating Office Digitalization, Global Head of Digital Front Office & Client Interaction Platform, Head Private Banking Products Hong Kong, Head of Platform Solutions Group and Private Banking COO Products & Solutions APAC. In 2026 January, Barclays hired HSBC Private Bank Head of Family Office Coverage Global India & Global South Asia Pritash Mathur to be based in Dubai (2026 February). Pritash Mathur has 24 years of private banking & financial industry experience at HSBC, Deutsche Bank, Credit Suisse, JP Morgan & GE Capital and held senior roles including as Global Head Asset Management & Wealth Management Centers, COO for Wealth Management India & Head of Family Office Coverage. In 2025 October, Barclays Private Bank announced 3 new hires in Singapore from JP Morgan Private Bank, LGT & Deutsche Private Bank and 22-year Barclays veteran & London-based private banker David Nendick appointed as Team Leader for Southeast Asia in Singapore. Barclays Private Bank Singapore 3 new hires are 1) JP Morgan Private Bank Clare Yang as Team Leader for North Asia, 2) LGT Jessine Chua as Senior Private Banker & 3) Deutsche Private Bank Jerome Idres as Head of Investment Services Platform & Product Management (ISP) in Singapore. In 2025 August, Barclays Private Bank International announced changes in organization strategy to market-led approach with Barclays Private Bank global resources organized for client regardless of jurisdiction or booking centre. Barclays Head of Private Bank APAC Nitin Singh has decided to depart, with Head of Distribution for Private Bank India Adrish Ghosh appointed as interim Private Bank India Head and Evonne Tan to continue as Head of Private Bank Singapore. Both Adrish Ghosh & Evonne Tan report to Annabelle Bryde (Barclays Head of Private Bank International). In 2025 June, Barclays Private Bank hired HSBC 28-year veteran & Head of Private Bank UAE Farzad Billimoria as Barclays Head of Private Bank UAE. Farzad Billimoria has 30 years of private banking, wealth management & retail banking experience at HSBC & Standard Chartered Bank. Farzad Billimoria joined HSBC from Standard Chartered Bank in 1997, relocating from India to Dubai in 2003 as Deputy Regional Head of NRI Services MENA and appointed as HSBC Head of Private Bank UAE in 2015. In 2025 January, Barclays hired Goldman Sachs Paul Johnson as Head of Equities Asia-Pacific. Paul Johnson has more than 20 years of equities & derivatives experience at Goldman Sachs & Bank of America in London & Hong Kong. In 2024 November, Barclays Private Bank announced to setup a booking centre in Singapore by 2026, providing clients with comprehensive wealth offering & ability to book assets in Singapore. In 2024 July, Barclays Head of Private Bank APAC Nitin Singh was reported to be targeting to increase Assets under Management (AUM) by 4 times in 4 years by 2028, and to increase wealth team headcount in India & Singapore by 3 times. Barclays Group AUM is at $59 billion in 2023. In 2024 July, Barclays Private Bank hired ex-Citi & UBS executive Hussain Selani as Head of Investments India & Global Indians based in Mumbai (India). In 2024 June, Barclays Private Bank hired 2 Senior Portfolio Managers from Credit Suisse Asset Management, with Ong Shun Wei hired as Head of Discretionary Portfolio (DPM) Singapore and Stephen Zhu as Senior Portfolio Manager.
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“ Barclays Private Bank to Setup Booking Centre in Singapore in 2026 Providing Clients with Comprehensive Wealth Offering & Ability to Book Assets in Singapore “
Barclays – Our vision is to be the UK-centred leader in global finance. We are a diversified bank with comprehensive UK consumer, corporate and wealth and private banking franchises, a leading investment bank and a strong, specialist US consumer bank. Through these five divisions, we are working together for a better financial future for our customers, clients, and communities. Barclays has been present in Asia Pacific for over 50 years, supporting corporations and financial institutions across key markets including Australia, Hong Kong SAR, India, Japan, Mainland China, Singapore, and Taiwan. The bank caters to its clients’ cross-border Investment Bank needs and connects them to the capital markets in the UK, Europe, Americas, and APAC. Barclays also has a growing Private Bank business in APAC, with operations in both India and Singapore.
Barclays Hires UBS & Credit Suisse 33-Year Veteran Werner Schlossmacher as Chief Operating Officer for Barclays Private Bank Asia, 37 Years Private Banking & Financial Industry Experience at UBS, Credit Suisse & Barclays Capital and Held Senior Roles Including as Head Operating Office Digitalization, Global Head of Digital Front Office & Client Interaction Platform, Head Private Banking Products Hong Kong, Head of Platform Solutions Group and Private Banking COO Products & Solutions APAC
16th February 2026 – Barclays has hired UBS & Credit Suisse 33-year veteran Werner Schlossmacher as Chief Operating Officer for Barclays Private Bank Asia. Werner Schlossmacher has 37 years of private banking & financial industry experience at UBS, Credit Suisse & Barclays Capital, and held senior roles including as Head Operating Office Digitalization, Global Head of Digital Front Office & Client Interaction Platform, Head Private Banking Products Hong Kong, Head of Platform Solutions Group and Private Banking COO Products & Solutions APAC. Announcement (16/2/26): “Barclays today announces the appointment of Werner Schlossmacher as Chief Operating Officer for Barclays Private Bank Asia. Based in Singapore, Werner will report to Leo Müller, Chief Operating Officer of Barclays Private Bank & Wealth Management. His appointment comes as Barclays prepares to establish a private banking booking centre in Singapore later this year, supporting the bank’s long‐term commitment to the region. Werner brings more than 30 years of global wealth management experience across Singapore, Hong Kong and Zurich, combining deep digital platform expertise with front to back commercial insight. He has led major digital transformational wealth journeys at UBS, redesigning mobile and e-banking experiences, and introducing generative AI capabilities that deliver clear value for clients and the business. Prior to UBS, he spent more than two decades at Credit Suisse in senior roles across digital platforms, front office applications, and APAC wealth management leadership.” In 2026 January, Barclays hired HSBC Private Bank Head of Family Office Coverage Global India & Global South Asia Pritash Mathur to be based in Dubai (2026 February). Pritash Mathur has 24 years of private banking & financial industry experience at HSBC, Deutsche Bank, Credit Suisse, JP Morgan & GE Capital and held senior roles including as Global Head Asset Management & Wealth Management Centers, COO for Wealth Management India & Head of Family Office Coverage. In 2025 October, Barclays Private Bank announced 3 new hires in Singapore from JP Morgan Private Bank, LGT & Deutsche Private Bank and 22-year Barclays veteran & London-based private banker David Nendick appointed as Team Leader for Southeast Asia in Singapore. Barclays Private Bank Singapore 3 new hires are 1) JP Morgan Private Bank Clare Yang as Team Leader for North Asia, 2) LGT Jessine Chua as Senior Private Banker & 3) Deutsche Private Bank Jerome Idres as Head of Investment Services Platform & Product Management (ISP) in Singapore. In 2025 August, Barclays Private Bank International announced changes in organization strategy to market-led approach with Barclays Private Bank global resources organized for client regardless of jurisdiction or booking centre. Barclays Head of Private Bank APAC Nitin Singh has decided to depart, with Head of Distribution for Private Bank India Adrish Ghosh appointed as interim Private Bank India Head and Evonne Tan to continue as Head of Private Bank Singapore. Both Adrish Ghosh & Evonne Tan report to Annabelle Bryde (Barclays Head of Private Bank International). In 2025 June, Barclays Private Bank hired HSBC 28-year veteran & Head of Private Bank UAE Farzad Billimoria as Barclays Head of Private Bank UAE. Farzad Billimoria has 30 years of private banking, wealth management & retail banking experience at HSBC & Standard Chartered Bank. Farzad Billimoria joined HSBC from Standard Chartered Bank in 1997, relocating from India to Dubai in 2003 as Deputy Regional Head of NRI Services MENA and appointed as HSBC Head of Private Bank UAE in 2015. In 2025 January, Barclays hired Goldman Sachs Paul Johnson as Head of Equities Asia-Pacific. Paul Johnson has more than 20 years of equities & derivatives experience at Goldman Sachs & Bank of America in London & Hong Kong. In 2024 November, Barclays Private Bank announced to setup a booking centre in Singapore by 2026, providing clients with comprehensive wealth offering & ability to book assets in Singapore. In 2024 July, Barclays Head of Private Bank APAC Nitin Singh was reported to be targeting to increase Assets under Management (AUM) by 4 times in 4 years by 2028, and to increase wealth team headcount in India & Singapore by 3 times. Barclays Group AUM is at $59 billion in 2023. In 2024 July, Barclays Private Bank hired ex-Citi & UBS executive Hussain Selani as Head of Investments India & Global Indians based in Mumbai (India). In 2024 June, Barclays Private Bank hired 2 Senior Portfolio Managers from Credit Suisse Asset Management, with Ong Shun Wei hired as Head of Discretionary Portfolio (DPM) Singapore and Stephen Zhu as Senior Portfolio Manager.
Leo Müller, Chief Operating Officer, Barclays Private Bank & Wealth Management: “Werner is an exceptional operator with deep experience across Asia and Europe. His leadership will be instrumental as we continue to scale our business in Asia and prepare for the launch of our booking centre in Singapore. His track record in digital transformation and platform design positions him perfectly to help us deliver a more modern, intuitive and scalable operating environment for clients and advisors.”
Barclays – Our vision is to be the UK-centred leader in global finance. We are a diversified bank with comprehensive UK consumer, corporate and wealth and private banking franchises, a leading investment bank and a strong, specialist US consumer bank. Through these five divisions, we are working together for a better financial future for our customers, clients, and communities. Barclays has been present in Asia Pacific for over 50 years, supporting corporations and financial institutions across key markets including Australia, Hong Kong SAR, India, Japan, Mainland China, Singapore, and Taiwan. The bank caters to its clients’ cross-border Investment Bank needs and connects them to the capital markets in the UK, Europe, Americas, and APAC. Barclays also has a growing Private Bank business in APAC, with operations in both India and Singapore.
Barclays Hires HSBC Private Bank Head of Family Office Coverage Global India & Global South Asia Pritash Mathur Based in Dubai (2026 February), 24 Years Private Banking & Financial Industry Experience at HSBC, Deutsche Bank, Credit Suisse, JP Morgan & GE Capital and Held Senior Roles Including as Global Head Asset Management & Wealth Management Centers, COO for Wealth Management India & Head of Family Office Coverage
24th January – Barclays has hired HSBC Private Bank Head of Family Office Coverage Global India & Global South Asia Pritash Mathur to be based in Dubai (2026 February). Pritash Mathur has 24 years of private banking & financial industry experience at HSBC, Deutsche Bank, Credit Suisse, JP Morgan & GE Capital and held senior roles including as Global Head Asset Management & Wealth Management Centers, COO for Wealth Management India & Head of Family Office Coverage. In 2025 October, Barclays Private Bank announced 3 new hires in Singapore from JP Morgan Private Bank, LGT & Deutsche Private Bank and 22-year Barclays veteran & London-based private banker David Nendick appointed as Team Leader for Southeast Asia in Singapore. Barclays Private Bank Singapore 3 new hires are 1) JP Morgan Private Bank Clare Yang as Team Leader for North Asia, 2) LGT Jessine Chua as Senior Private Banker & 3) Deutsche Private Bank Jerome Idres as Head of Investment Services Platform & Product Management (ISP) in Singapore. In 2025 August, Barclays Private Bank International announced changes in organization strategy to market-led approach with Barclays Private Bank global resources organized for client regardless of jurisdiction or booking centre. Barclays Head of Private Bank APAC Nitin Singh has decided to depart, with Head of Distribution for Private Bank India Adrish Ghosh appointed as interim Private Bank India Head and Evonne Tan to continue as Head of Private Bank Singapore. Both Adrish Ghosh & Evonne Tan report to Annabelle Bryde (Barclays Head of Private Bank International). In 2025 June, Barclays Private Bank hired HSBC 28-year veteran & Head of Private Bank UAE Farzad Billimoria as Barclays Head of Private Bank UAE. Farzad Billimoria has 30 years of private banking, wealth management & retail banking experience at HSBC & Standard Chartered Bank. Farzad Billimoria joined HSBC from Standard Chartered Bank in 1997, relocating from India to Dubai in 2003 as Deputy Regional Head of NRI Services MENA and appointed as HSBC Head of Private Bank UAE in 2015. In 2025 January, Barclays hired Goldman Sachs Paul Johnson as Head of Equities Asia-Pacific. Paul Johnson has more than 20 years of equities & derivatives experience at Goldman Sachs & Bank of America in London & Hong Kong. In 2024 November, Barclays Private Bank announced to setup a booking centre in Singapore by 2026, providing clients with comprehensive wealth offering & ability to book assets in Singapore. In 2024 July, Barclays Head of Private Bank APAC Nitin Singh was reported to be targeting to increase Assets under Management (AUM) by 4 times in 4 years by 2028, and to increase wealth team headcount in India & Singapore by 3 times. Barclays Group AUM is at $59 billion in 2023. In 2024 July, Barclays Private Bank hired ex-Citi & UBS executive Hussain Selani as Head of Investments India & Global Indians based in Mumbai (India). In 2024 June, Barclays Private Bank hired 2 Senior Portfolio Managers from Credit Suisse Asset Management, with Ong Shun Wei hired as Head of Discretionary Portfolio (DPM) Singapore and Stephen Zhu as Senior Portfolio Manager.
Barclays Private Bank Announced 3 New Hires in Singapore from JP Morgan Private Bank, LGT & Deutsche Private Bank and 22-Year Barclays Veteran & London-Based Private Banker David Nendick Appointed as London Team Leader for Southeast Asia in Singapore, 3 New Hires are 1) JP Morgan Private Bank Clare Yang as Team Leader for North Asia, 2) LGT Jessine Chua as Senior Private Banker & 3) Deutsche Private Bank Jerome Idres as Head of Investment Services Platform & Product Management (ISP) in Singapore
3rd October – Barclays Private Bank has announced 3 new hires in Singapore from JP Morgan Private Bank, LGT & Deutsche Private Bank and 22-year Barclays veteran & London-based private banker David Nendick appointed as Team Leader for Southeast Asia in Singapore. Barclays Private Bank Singapore 3 new hires are 1) JP Morgan Private Bank Clare Yang as Team Leader for North Asia, 2) LGT Jessine Chua as Senior Private Banker & 3) Deutsche Private Bank Jerome Idres as Head of Investment Services Platform & Product Management (ISP) in Singapore. Announcement (2/10/25): “David Nendick has relocated from London to take on the role of Team Leader for the Southeast Asia market. With over 40 years of experience advising UHNW families and family offices in Asia, David will focus on expanding our coverage in Thailand and Malaysia, leveraging his deep regional expertise and client relationships. We also welcome Clare Yang as Team Leader for the North Asia market. Clare brings a wealth of experience advising clients in Greater China including Hong Kong and Taiwan, most recently as Executive Director at JPMorgan, and previously with Credit Suisse and UOB. Her strong client focus and market knowledge will be invaluable as we grow our North Asia franchise. Jessine Chua joins as Senior Private Banker for Malaysia and Singapore. With more than two decades of experience at LGT Bank and UBS, Jessine is recognized for her holistic approach to wealth planning, risk management, and delivering bespoke solutions to UHNW clients across Southeast Asia. In addition, Jerome Idres joins as Head of Investment Services Platform & Product Management (ISP) in Singapore. Jerome brings nearly 25 years of experience across Private Banking and Capital Markets, most recently at Deutsche Private Bank. He will oversee the full lifecycle of our investment proposition and product development, leading both ongoing operations and strategic initiatives. Jerome will report to Ken Sze, Head of Investments Asia.” In 2025 August, Barclays Private Bank International announced changes in organization strategy to market-led approach with Barclays Private Bank global resources organized for client regardless of jurisdiction or booking centre. Barclays Head of Private Bank APAC Nitin Singh has decided to depart, with Head of Distribution for Private Bank India Adrish Ghosh appointed as interim Private Bank India Head and Evonne Tan to continue as Head of Private Bank Singapore. Both Adrish Ghosh & Evonne Tan report to Annabelle Bryde (Barclays Head of Private Bank International). In 2025 June, Barclays Private Bank hired HSBC 28-year veteran & Head of Private Bank UAE Farzad Billimoria as Barclays Head of Private Bank UAE. Farzad Billimoria has 30 years of private banking, wealth management & retail banking experience at HSBC & Standard Chartered Bank. Farzad Billimoria joined HSBC from Standard Chartered Bank in 1997, relocating from India to Dubai in 2003 as Deputy Regional Head of NRI Services MENA and appointed as HSBC Head of Private Bank UAE in 2015. In 2025 January, Barclays hired Goldman Sachs Paul Johnson as Head of Equities Asia-Pacific. Paul Johnson has more than 20 years of equities & derivatives experience at Goldman Sachs & Bank of America in London & Hong Kong. In 2024 November, Barclays Private Bank announced to setup a booking centre in Singapore by 2026, providing clients with comprehensive wealth offering & ability to book assets in Singapore. In 2024 July, Barclays Head of Private Bank APAC Nitin Singh was reported to be targeting to increase Assets under Management (AUM) by 4 times in 4 years by 2028, and to increase wealth team headcount in India & Singapore by 3 times. Barclays Group AUM is at $59 billion in 2023. Earlier in 2024 July, Barclays Private Bank hired ex-Citi & UBS executive Hussain Selani as Head of Investments India & Global Indians based in Mumbai (India). In 2024 June, Barclays Private Bank hired 2 Senior Portfolio Managers from Credit Suisse Asset Management, with Ong Shun Wei hired as Head of Discretionary Portfolio (DPM) Singapore and Stephen Zhu as Senior Portfolio Manager.
Barclays Private Bank International Changes Organization Strategy to Market-Led Approach with Global Resources Organized for Client Regardless of Jurisdiction or Booking Centre, Head of Private Bank APAC Nitin Singh to Depart, Head of Distribution for Private Bank India Adrish Ghosh Appointed as Interim Private Bank India Head & Evonne Tan Continues as Head of Private Bank Singapore
20th August – Barclays Private Bank International has announced changes in organization strategy to market-led approach with Barclays Private Bank global resources organized for client regardless of jurisdiction or booking centre. Barclays Head of Private Bank APAC Nitin Singh has decided to depart, with Head of Distribution for Private Bank India Adrish Ghosh appointed as interim Private Bank India Head and Evonne Tan to continue as Head of Private Bank Singapore. Both Adrish Ghosh & Evonne Tan report to Annabelle Bryde (Barclays Head of Private Bank International). Announcement (19/8/25): “Barclays Private Bank International is pivoting to a market-led approach and simplifying its local business structures. The Middle East adopted this new model in Q2 2025, and Barclays Private Bank International will now extend it to Asia, Europe, and Africa, driving market-aligned strategy and enhanced co-ordination of prospect management, client coverage, and engagement. The new approach puts the client at the centre and organises our global resources across locations to best meet their needs, irrespective of jurisdiction and booking centre. Asia remains a central priority for Barclays Private Bank International, with a continued focus on delivering for clients and building on momentum in the region. As part of these changes, Nitin Singh, formerly Head of Private Bank, Asia, has decided to leave Barclays.” In 2025 June, Barclays Private Bank hired HSBC 28-year veteran & Head of Private Bank UAE Farzad Billimoria as Barclays Head of Private Bank UAE. Farzad Billimoria has 30 years of private banking, wealth management & retail banking experience at HSBC & Standard Chartered Bank. Farzad Billimoria joined HSBC from Standard Chartered Bank in 1997, relocating from India to Dubai in 2003 as Deputy Regional Head of NRI Services MENA and appointed as HSBC Head of Private Bank UAE in 2015. In 2025 January, Barclays hired Goldman Sachs Paul Johnson as Head of Equities Asia-Pacific. Paul Johnson has more than 20 years of equities & derivatives experience at Goldman Sachs & Bank of America in London & Hong Kong. In 2024 November, Barclays Private Bank announced to setup a booking centre in Singapore by 2026, providing clients with comprehensive wealth offering & ability to book assets in Singapore. In 2024 July, Barclays Head of Private Bank APAC Nitin Singh was reported to be targeting to increase Assets under Management (AUM) by 4 times in 4 years by 2028, and to increase wealth team headcount in India & Singapore by 3 times. Barclays Group AUM is at $59 billion in 2023. Earlier in 2024 July, Barclays Private Bank hired ex-Citi & UBS executive Hussain Selani as Head of Investments India & Global Indians based in Mumbai (India). In 2024 June, Barclays Private Bank hired 2 Senior Portfolio Managers from Credit Suisse Asset Management, with Ong Shun Wei hired as Head of Discretionary Portfolio (DPM) Singapore and Stephen Zhu as Senior Portfolio Manager.
Barclays Private Bank Hires HSBC 28-Year Veteran & Head of Private Bank UAE Farzad Billimoria as Head of Private Bank UAE, 30 Years of Private Banking, Wealth Management & Retail Banking Experience at HSBC & Standard Chartered Bank
20th June – Barclays Private Bank has hired HSBC 28-year veteran & Head of Private Bank UAE Farzad Billimoria as Barclays Head of Private Bank UAE. Farzad Billimoria has 30 years of private banking, wealth management & retail banking experience at HSBC & Standard Chartered Bank. Farzad Billimoria joined HSBC from Standard Chartered Bank in 1997, relocating from India to Dubai in 2003 as Deputy Regional Head of NRI Services MENA and appointed as HSBC Head of Private Bank UAE in 2015. Barclays (19/6/25): “Barclays today announces the appointment of Farzad Billimoria as Head of Private Bank for the United Arab Emirates (UAE). Farzad will be responsible for leading the Private Bank in the UAE, overseeing the local team and its governance, and driving the growth of the UAE business as a strategic hub for the broader Middle East region and international corridors. Based in Dubai, Farzad will join the bank on 1 July (subject to regulatory approval), reporting to Annabelle Bryde, Barclays’ Head of Private Bank International. Farzad brings 30 years of expertise in financial services, including rich experience across Private Banking, Wealth Management and Retail Banking. Most recently, Farzad served as the Senior Executive Officer and Head of Private Bank for the UAE at HSBC where he drove the bank’s strategy in the region. During his tenure and having lived in the UAE for over two decades, Farzad led a team that established HSBC Private Bank (Suisse) SA offices in the Dubai International Financial Centre (DIFC) Branch and Abu Dhabi Global Market (ADGM). He also launched the first onshore Private Bank booking centre for HSBC in the UAE. Additionally, he managed the growth of the Non-Resident Indians (NRI) business in the region and has handled some of the UAE’s largest ultra-high-net-worth (UHNW) client portfolios and relationships.” In 2025 January, Barclays hired Goldman Sachs Paul Johnson as Head of Equities Asia-Pacific. Paul Johnson has more than 20 years of equities & derivatives experience at Goldman Sachs & Bank of America in London & Hong Kong. In 2024 November, Barclays Private Bank announced to setup a booking centre in Singapore by 2026, providing clients with comprehensive wealth offering & ability to book assets in Singapore. In 2024 July, Barclays Head of Private Bank APAC Nitin Singh was reported to be targeting to increase Assets under Management (AUM) by 4 times in 4 years by 2028, and to increase wealth team headcount in India & Singapore by 3 times. Barclays Group AUM is at $59 billion in 2023. Earlier in 2024 July, Barclays Private Bank hired ex-Citi & UBS executive Hussain Selani as Head of Investments India & Global Indians based in Mumbai (India). In 2024 June, Barclays Private Bank hired 2 Senior Portfolio Managers from Credit Suisse Asset Management, with Ong Shun Wei hired as Head of Discretionary Portfolio (DPM) Singapore and Stephen Zhu as Senior Portfolio Manager.
Annabelle Bryde, Head of Private Bank International, Barclays: “The Middle East presents significant growth opportunities for Barclays with its expanding influence on global markets and increasing wealth generation. We are excited to welcome Farzad, who brings with him a strong blend of leadership and extensive local market experience. His appointment reflects our ambition to further elevate the importance and priority of the region, alongside accelerating our growth plans in the UAE.”
Khaled El Dabag, CEO of Middle East & North Africa, Barclays: “We look forward to welcoming Farzad to the team and leveraging his experience and knowledge to continue to drive growth and deliver exceptional value to our clients.”
Barclays Hires Goldman Sachs Paul Johnson as Head of Equities APAC, More than 20 Years of Equities & Derivatives Experience at Goldman Sachs & Bank of America in London & Hong Kong
20th January 2025 – Barclays has hired Goldman Sachs Paul Johnson as Head of Equities Asia-Pacific. Paul Johnson has more than 20 years of equities & derivatives experience at Goldman Sachs & Bank of America in London & Hong Kong. Barclays (20/1/25): “Barclays announces the appointment of Paul Johnson as Head of Equities, Asia Pacific. In this role, Paul will lead the equities franchise in the region with a focus on Equity Derivatives, Equity-linked Financing, Electronic Trading, and have oversight for Prime. Based in Hong Kong, he will report functionally to Scott McDavid, Global Head of Equities, and regionally to Jaideep Khanna, CEO of Barclays, Asia Pacific & Head of Markets, Asia Pacific. With over two decades of experience in equities and derivatives across global markets, Paul brings a proven track record of delivery to Barclays. Most recently, Paul served as APAC Co-Head of Equity Derivatives and Head of Exotics Equity Derivatives Trading at Goldman Sachs in Hong Kong. Prior to that, he was Head of CEEMEA & Latam FXO Trading at Bank of America, London UK, where he focused on building out new franchises in MENA, and at Goldman Sachs trading CEEMEA FXO for over ten years.” In 2024 November, Barclays Private Bank announced to setup a booking centre in Singapore by 2026, providing clients with comprehensive wealth offering & ability to book assets in Singapore. In 2024 July, Barclays Head of Private Bank APAC Nitin Singh has been reported to be targeting to increase Assets under Management (AUM) by 4 times in 4 years by 2028, and to increase wealth team headcount in India & Singapore by 3 times. Barclays Group AUM is at $59 billion in 2023. Earlier in 2024 July, Barclays Private Bank hired ex-Citi & UBS executive Hussain Selani as Head of Investments India & Global Indians based in Mumbai (India). In 2024 June, Barclays Private Bank hired 2 Senior Portfolio Managers from Credit Suisse Asset Management, with Ong Shun Wei hired as Head of Discretionary Portfolio (DPM) Singapore and Stephen Zhu as Senior Portfolio Manager.
Scott McDavid, Barclays Global Head of Equities: “Paul’s appointment reflects our continued investment in APAC as one of the key regions for our Global Equities franchise. “His focus on driving collaboration and building capabilities will help us unlock new opportunities and further strengthen our presence. We are confident that his leadership will further enhance our ability to deliver exceptional solutions for our clients.”
Jaideep Khanna, CEO of Barclays, Asia Pacific & Head of Markets, Asia Pacific: “We are delighted to welcome Paul to Barclays. His extensive industry expertise and client-first approach will be instrumental in accelerating our growth ambitions across Asia Pacific.”
Barclays – Our vision is to be the UK-centred leader in global finance. We are a diversified bank with comprehensive UK consumer, corporate and wealth and private banking franchises, a leading investment bank and a strong, specialist US consumer bank. Through these five divisions, we are working together for a better financial future for our customers, clients, and communities.
Barclays in Asia Pacific – Barclays has been in Asia Pacific for over 50 years and primarily supports corporations and financial institutions across the Asia Pacific region, catering to their cross-border Investment Bank needs and connecting them to the capital markets of UK, Europe, and the Americas. The bank also has a growing Private Bank business in Asia Pacific, with operations in both India and Singapore. Barclays in Asia Pacific is headed by Jaideep Khanna, who also leads the bank’s Global Markets business in the region. Its regional Investment Banking business is led by Vanessa Koo and Nitin Singh heads its Asia Private Banking business.
Barclays Private Bank to Setup Booking Centre in Singapore by 2026 Providing Clients with Comprehensive Wealth Offering & Ability to Book Assets in Singapore
26th November 2024 – Barclays Private Bank has announced to setup a booking centre in Singapore by 2026, providing clients with comprehensive wealth offering & ability to book assets in Singapore. Barclays (26/11/24): “Barclays announces its plans to establish a new Private Bank booking centre in Singapore. The new booking centre reinforces Barclays Private Bank’s commitment to expanding in Asia as it continues to provide specialist investment, banking, lending and wealth advisory services to its ultra-high-net-worth (UHNW) clients and global family office (GFO) clients. Through the Singapore booking centre, Barclays Private Bank will offer clients a comprehensive wealth management offering, with the ability to book assets locally. It will leverage its partnership with Barclays Investment Bank to deliver an integrated ‘one-bank’ proposition that will provide clients with quasi-institutional investment solutions, including access to more sophisticated financial products and cross-asset class offerings. The new booking centre in Singapore is expected to be operational by 2026, bringing together a team of experienced and dedicated professionals focused on delivering the best of Barclays to its private banking clients.” In 2024 July, Barclays Head of Private Bank APAC Nitin Singh has been reported to be targeting to increase Assets under Management (AUM) by 4 times in 4 years by 2028, and to increase wealth team headcount in India & Singapore by 3 times. Barclays Group AUM is at $59 billion in 2023. Earlier in 2024 July, Barclays Private Bank hired ex-Citi & UBS executive Hussain Selani as Head of Investments India & Global Indians based in Mumbai (India). In 2024 June, Barclays Private Bank hired 2 Senior Portfolio Managers from Credit Suisse Asset Management, with Ong Shun Wei hired as Head of Discretionary Portfolio (DPM) Singapore and Stephen Zhu as Senior Portfolio Manager.
Sasha Wiggins, CEO, Barclays Private Bank & Wealth Management: “Asia Pacific is one of the fastest growing wealth markets, and this strategic investment in Singapore underscores our commitment to expand in the region. Establishing the new booking centre further strengthens our global proposition, allowing us to better serve our clients.”
Nitin Singh, Head of Barclays Private Bank, APAC: “We are focused on meeting the needs of our international clients in the region with enhanced banker coverage and product capabilities. This investment in Singapore, combined with our market-leading UK and Indian franchises, positions us to strategically capture strong global and regional inflows, while enhancing our ability to offer seamless cross-border wealth management solutions.”
Evonne Tan, Head of Barclays Private Bank, Singapore: “Asia is a very important market for Barclays Private Bank, and we have gone through a three-year journey of establishing our presence in Singapore. The announcement today is a testament to our long-term commitment to the region. This centre will not only strengthen our operational capabilities but will also allow us to offer our clients a greater range of wealth management products and services.”
Barclays – Our vision is to be the UK-centred leader in global finance. We are a diversified bank with comprehensive UK consumer, corporate and wealth and private banking franchises, a leading investment bank and a strong, specialist US consumer bank. Through these five divisions, we are working together for a better financial future for our customers, clients, and communities.
Barclays in Asia Pacific – Barclays has been in Asia Pacific for over 50 years and primarily supports corporations and financial institutions across the Asia Pacific region, catering to their cross-border Investment Bank needs and connecting them to the capital markets of UK, Europe, and the Americas. The bank also has a growing Private Bank business in Asia Pacific, with operations in both India and Singapore. Barclays in Asia Pacific is headed by Jaideep Khanna, who also leads the bank’s Global Markets business in the region. Its regional Investment Banking business is led by Vanessa Koo and Nitin Singh heads its Asia Private Banking business.
Barclays Head of Private Bank APAC Nitin Singh to Increase AUM in Asia by 4 Times in 4 Years by 2028 & Increase Wealth Team Headcount in India & Singapore by 3 Times, Barclays Group AUM at $59 Billion in 2023
17th July 2024 – Barclays Head of Private Bank APAC Nitin Singh is targeting to increase Assets under Management (AUM) by 4 times in 4 years by 2028, and to increase wealth team headcount in India & Singapore by 3 times. Barclays Group AUM is at $59 billion in 2023. Earlier in 2024 July, Barclays Private Bank hired ex-Citi & UBS executive Hussain Selani as Head of Investments India & Global Indians based in Mumbai (India). In 2024 June, Barclays Private Bank hired 2 Senior Portfolio Managers from Credit Suisse Asset Management, with Ong Shun Wei hired as Head of Discretionary Portfolio (DPM) Singapore and Stephen Zhu as Senior Portfolio Manager.
Barclays Private Bank Hires ex-Citi & UBS Executive Hussain Selani as Head of Investments India & Global Indians, 21 Years of Financial Industry Experience Including at Citibank, UBS, DBS & Aditya Birla Capital, Founder & CEO of Corp Care Providing Investing & Financing Solutions to Corporates & Family Offices
12th July 2024 – Barclays Private Bank has hired ex-Citi & UBS executive Hussain Selani as Head of Investments India & Global Indians based in Mumbai (India). Hussain Selani has 21 years of financial industry experience including at Citibank, UBS, DBS & Aditya Birla Capital, and is the founder & CEO of Corp Care (Provides investing & financing solutions to corporates & family offices). Hussain Selani reports to Jean-Damien Marie (Barclays Global Head of Investments, Private Bank & Wealth Management), and to Nitin Singh (Head of Private Bank, APAC). Barclays Private Bank (2024 July): “Hussain Selani has joined Barclays as Managing Director, Head of Investments India and Global Indians. Based in Mumbai, Hussain will functionally report to Jean-Damien Marie, Global Head of Investments, Private Bank & Wealth Management and locally to Nitin Singh, Head of Private Bank, Asia Pacific. Hussain joins the bank after a long-standing career as the CEO of CorpCare Ventures Private Limited and was responsible for building an advisory business delivering investment and financing solutions to corporates and family offices. Prior to this, he has held many senior leadership roles across Citibank, UBS and most recently, responsibility for Investment Product & Research at Aditya Birla Finance. Hussain will be responsible for the management and distribution of all investment products and services (incl. Wealth Advisory) across Private Bank and Wealth Management India and Global Indians. In his capacity as Head of Investments for Global Indians, he will be responsible for building and driving the Global Indian investment proposition, along with strengthening the synergies of the Global Indian segment across Barclays platforms and corridors, ensuring a seamless client proposition and delivery.” In 2024 June, Barclays Private Bank hired 2 Senior Portfolio Managers from Credit Suisse Asset Management, with Ong Shun Wei hired as Head of Discretionary Portfolio (DPM) Singapore and Stephen Zhu as Senior Portfolio Manager.
Barclays Private Bank Hires 2 Senior Portfolio Managers from Credit Suisse Asset Management, Ong Shun Wei as Head of Discretionary Portfolio Singapore & Stephen Zhu as Senior Portfolio Manager
28th June 2024 – Barclays Private Bank has hired 2 Senior Portfolio Managers from Credit Suisse Asset Management, with Ong Shun Wei hired as Head of Discretionary Portfolio (DPM) Singapore and Stephen Zhu as Senior Portfolio Manager. Both Ong Shun Wei and Stephen Zhu will be part of the Global DPM team, reporting to Olivier Asselin, Global Co-Head of Investment Management for Barclays Private Bank & Wealth Management. Ong Shun Wei (Head of Discretionary Portfolio Singapore) – Ong Shun Wei joins from Credit Suisse Asset Management (CSAM), where he was a Senior Portfolio Manager for Asian and Emerging Market bonds and Lead Portfolio Manager for Singapore-booked discretionary mandates in the Fixed Income Asia team. He was also Head of Client Portfolio Management, overseeing the overall business development for the team. In his early career, he was a member of the Fixed Income team at Goldman Sachs Asset Management, leading a team of Portfolio Specialists covering Asian, Australian and Global Multi-Sector Fixed Income strategies. Shun Wei graduated with a Bachelor of Business Management degree from Singapore Management University and is a CFA Charter holder. Stephen Zhu (Senior Portfolio Manager) – Stephen Zhu was a Senior Portfolio Manager at Credit Suisse Asset Management (CSAM) Asia Fixed Income team, where he co-managed the Credit Suisse RMB Credit Bond Fund, as well as Asia and Emerging market focused fixed income mandates. Stephen also served as a key member of CSAM’s EM Investment Committee. Prior to that, Stephen was a Senior Credit Analyst at UBS Wealth Management Chief Investment Office, focusing on fundamental research of Asia Investment Grade and High Yield issuers. Stephen graduated with a Bachelor of Business Management from Singapore Management University and is a CFA Charter holder. Earlier in 2024 June, Barclays Private Bank hired JP Morgan 20-year veteran Ren Yi Sng as Senior Private Banker. Ren Yi Sng joins from JP Morgan after more than 20 years, with 19 years at JP Morgan Investment Bank and last held the role of JP Morgan Head of Private Client Advisory Asia (Providing investment banking solutions to family-owned corporates at JP Morgan Private Bank). In 2023, Barclays hired ex-HSBC senior executive Nitin Singh as Head of Private Bank Asia & India (18/9/23), a veteran banker with more than 20 years of experience including at HSBC (16 years), Standard Chartered Bank and as CEO of Avendus (Wealth Management).
Barclays Private Bank Hires JP Morgan 20-Year Veteran Ren Yi Sng as Senior Private Banker, 19 Years at JP Morgan Investment Bank and Last Held Role of JP Morgan Head of Private Client Advisory Asia
4th June 2024 – Barclays Private Bank has hired JP Morgan 20-year veteran Ren Yi Sng as Senior Private Banker. Ren Yi Sng joins from JP Morgan after more than 20 years, with 19 years at JP Morgan Investment Bank and last held the role of JP Morgan Head of Private Client Advisory Asia (Providing investment banking solutions to family-owned corporates at JP Morgan Private Bank). In 2023, Barclays hired ex-HSBC senior executive Nitin Singh as Head of Private Bank Asia & India (18/9/23), a veteran banker with more than 20 years of experience including at HSBC (16 years), Standard Chartered Bank and as CEO of Avendus (Wealth Management).
Barclays Private Bank Hires Ex-HSBC Senior Executive Nitin Singh as Head of Private Bank Asia & India, More than 20 Years of Experience Including at HSBC, Standard Chartered & as CEO of Avendus Wealth Management
6th July 2023 – Barclays has hired ex-HSBC senior executive Nitin Singh as Head of Private Bank Asia & India (18/9/23), a veteran banker with more than 20 years of experience including at HSBC (16 years), Standard Chartered Bank and as CEO of Avendus (Wealth Management) . Nitin Singh will report to Jean-Christophe Gerard (Barclays Private Bank CEO) and Jaideep Khanna (Barclays Asia-Pacific Head). Barclays Private Bank Head of Singapore Evonne Tan will report to Nitin Singh. Barclays CEO of Private Clients India Sandeep Das has also been reported to be leaving Barclays. In 2022, Barclays Private Bank has around $50 billion Assets under Management (Private Banking AUM in UK & Asia).
Barclays Hires HSBC Private Bank Head of Family Office Coverage Global India & Global South Asia Pritash Mathur Based in Dubai (2026 February), 24 Years Private Banking & Financial Industry Experience at HSBC, Deutsche Bank, Credit Suisse, JP Morgan & GE Capital and Held Senior Roles Including as Global Head Asset Management & Wealth Management Centers, COO for Wealth Management India & Head of Family Office Coverage
24th January | Hong Kong
Barclays has hired HSBC Private Bank Head of Family Office Coverage Global India & Global South Asia Pritash Mathur to be based in Dubai (2026 February). Pritash Mathur has 24 years of private banking & financial industry experience at HSBC, Deutsche Bank, Credit Suisse, JP Morgan & GE Capital and held senior roles including as Global Head Asset Management & Wealth Management Centers, COO for Wealth Management India & Head of Family Office Coverage. In 2025 October, Barclays Private Bank announced 3 new hires in Singapore from JP Morgan Private Bank, LGT & Deutsche Private Bank and 22-year Barclays veteran & London-based private banker David Nendick appointed as Team Leader for Southeast Asia in Singapore. Barclays Private Bank Singapore 3 new hires are 1) JP Morgan Private Bank Clare Yang as Team Leader for North Asia, 2) LGT Jessine Chua as Senior Private Banker & 3) Deutsche Private Bank Jerome Idres as Head of Investment Services Platform & Product Management (ISP) in Singapore. In 2025 August, Barclays Private Bank International announced changes in organization strategy to market-led approach with Barclays Private Bank global resources organized for client regardless of jurisdiction or booking centre. Barclays Head of Private Bank APAC Nitin Singh has decided to depart, with Head of Distribution for Private Bank India Adrish Ghosh appointed as interim Private Bank India Head and Evonne Tan to continue as Head of Private Bank Singapore. Both Adrish Ghosh & Evonne Tan report to Annabelle Bryde (Barclays Head of Private Bank International). In 2025 June, Barclays Private Bank hired HSBC 28-year veteran & Head of Private Bank UAE Farzad Billimoria as Barclays Head of Private Bank UAE. Farzad Billimoria has 30 years of private banking, wealth management & retail banking experience at HSBC & Standard Chartered Bank. Farzad Billimoria joined HSBC from Standard Chartered Bank in 1997, relocating from India to Dubai in 2003 as Deputy Regional Head of NRI Services MENA and appointed as HSBC Head of Private Bank UAE in 2015. In 2025 January, Barclays hired Goldman Sachs Paul Johnson as Head of Equities Asia-Pacific. Paul Johnson has more than 20 years of equities & derivatives experience at Goldman Sachs & Bank of America in London & Hong Kong. In 2024 November, Barclays Private Bank announced to setup a booking centre in Singapore by 2026, providing clients with comprehensive wealth offering & ability to book assets in Singapore. In 2024 July, Barclays Head of Private Bank APAC Nitin Singh was reported to be targeting to increase Assets under Management (AUM) by 4 times in 4 years by 2028, and to increase wealth team headcount in India & Singapore by 3 times. Barclays Group AUM is at $59 billion in 2023. In 2024 July, Barclays Private Bank hired ex-Citi & UBS executive Hussain Selani as Head of Investments India & Global Indians based in Mumbai (India). In 2024 June, Barclays Private Bank hired 2 Senior Portfolio Managers from Credit Suisse Asset Management, with Ong Shun Wei hired as Head of Discretionary Portfolio (DPM) Singapore and Stephen Zhu as Senior Portfolio Manager.
“ Barclays Hires HSBC Private Bank Head of Family Office Coverage Global India & Global South Asia Pritash Mathur Based in Dubai (2026 February), 24 Years Private Banking & Financial Industry Experience at HSBC, Deutsche Bank, Credit Suisse, JP Morgan & GE Capital and Held Senior Roles Including as Global Head Asset Management & Wealth Management Centers, COO for Wealth Management India & Head of Family Office Coverage “
Barclays Private Bank Announced 3 New Hires in Singapore from JP Morgan Private Bank, LGT & Deutsche Private Bank and 22-Year Barclays Veteran & London-Based Private Banker David Nendick Appointed as London Team Leader for Southeast Asia in Singapore, 3 New Hires are 1) JP Morgan Private Bank Clare Yang as Team Leader for North Asia, 2) LGT Jessine Chua as Senior Private Banker & 3) Deutsche Private Bank Jerome Idres as Head of Investment Services Platform & Product Management (ISP) in Singapore
3rd October – Barclays Private Bank has announced 3 new hires in Singapore from JP Morgan Private Bank, LGT & Deutsche Private Bank and 22-year Barclays veteran & London-based private banker David Nendick appointed as Team Leader for Southeast Asia in Singapore. Barclays Private Bank Singapore 3 new hires are 1) JP Morgan Private Bank Clare Yang as Team Leader for North Asia, 2) LGT Jessine Chua as Senior Private Banker & 3) Deutsche Private Bank Jerome Idres as Head of Investment Services Platform & Product Management (ISP) in Singapore. Announcement (2/10/25): “David Nendick has relocated from London to take on the role of Team Leader for the Southeast Asia market. With over 40 years of experience advising UHNW families and family offices in Asia, David will focus on expanding our coverage in Thailand and Malaysia, leveraging his deep regional expertise and client relationships. We also welcome Clare Yang as Team Leader for the North Asia market. Clare brings a wealth of experience advising clients in Greater China including Hong Kong and Taiwan, most recently as Executive Director at JPMorgan, and previously with Credit Suisse and UOB. Her strong client focus and market knowledge will be invaluable as we grow our North Asia franchise. Jessine Chua joins as Senior Private Banker for Malaysia and Singapore. With more than two decades of experience at LGT Bank and UBS, Jessine is recognized for her holistic approach to wealth planning, risk management, and delivering bespoke solutions to UHNW clients across Southeast Asia. In addition, Jerome Idres joins as Head of Investment Services Platform & Product Management (ISP) in Singapore. Jerome brings nearly 25 years of experience across Private Banking and Capital Markets, most recently at Deutsche Private Bank. He will oversee the full lifecycle of our investment proposition and product development, leading both ongoing operations and strategic initiatives. Jerome will report to Ken Sze, Head of Investments Asia.” In 2025 August, Barclays Private Bank International announced changes in organization strategy to market-led approach with Barclays Private Bank global resources organized for client regardless of jurisdiction or booking centre. Barclays Head of Private Bank APAC Nitin Singh has decided to depart, with Head of Distribution for Private Bank India Adrish Ghosh appointed as interim Private Bank India Head and Evonne Tan to continue as Head of Private Bank Singapore. Both Adrish Ghosh & Evonne Tan report to Annabelle Bryde (Barclays Head of Private Bank International). In 2025 June, Barclays Private Bank hired HSBC 28-year veteran & Head of Private Bank UAE Farzad Billimoria as Barclays Head of Private Bank UAE. Farzad Billimoria has 30 years of private banking, wealth management & retail banking experience at HSBC & Standard Chartered Bank. Farzad Billimoria joined HSBC from Standard Chartered Bank in 1997, relocating from India to Dubai in 2003 as Deputy Regional Head of NRI Services MENA and appointed as HSBC Head of Private Bank UAE in 2015. In 2025 January, Barclays hired Goldman Sachs Paul Johnson as Head of Equities Asia-Pacific. Paul Johnson has more than 20 years of equities & derivatives experience at Goldman Sachs & Bank of America in London & Hong Kong. In 2024 November, Barclays Private Bank announced to setup a booking centre in Singapore by 2026, providing clients with comprehensive wealth offering & ability to book assets in Singapore. In 2024 July, Barclays Head of Private Bank APAC Nitin Singh was reported to be targeting to increase Assets under Management (AUM) by 4 times in 4 years by 2028, and to increase wealth team headcount in India & Singapore by 3 times. Barclays Group AUM is at $59 billion in 2023. Earlier in 2024 July, Barclays Private Bank hired ex-Citi & UBS executive Hussain Selani as Head of Investments India & Global Indians based in Mumbai (India). In 2024 June, Barclays Private Bank hired 2 Senior Portfolio Managers from Credit Suisse Asset Management, with Ong Shun Wei hired as Head of Discretionary Portfolio (DPM) Singapore and Stephen Zhu as Senior Portfolio Manager.
Barclays Private Bank International Changes Organization Strategy to Market-Led Approach with Global Resources Organized for Client Regardless of Jurisdiction or Booking Centre, Head of Private Bank APAC Nitin Singh to Depart, Head of Distribution for Private Bank India Adrish Ghosh Appointed as Interim Private Bank India Head & Evonne Tan Continues as Head of Private Bank Singapore
20th August – Barclays Private Bank International has announced changes in organization strategy to market-led approach with Barclays Private Bank global resources organized for client regardless of jurisdiction or booking centre. Barclays Head of Private Bank APAC Nitin Singh has decided to depart, with Head of Distribution for Private Bank India Adrish Ghosh appointed as interim Private Bank India Head and Evonne Tan to continue as Head of Private Bank Singapore. Both Adrish Ghosh & Evonne Tan report to Annabelle Bryde (Barclays Head of Private Bank International). Announcement (19/8/25): “Barclays Private Bank International is pivoting to a market-led approach and simplifying its local business structures. The Middle East adopted this new model in Q2 2025, and Barclays Private Bank International will now extend it to Asia, Europe, and Africa, driving market-aligned strategy and enhanced co-ordination of prospect management, client coverage, and engagement. The new approach puts the client at the centre and organises our global resources across locations to best meet their needs, irrespective of jurisdiction and booking centre. Asia remains a central priority for Barclays Private Bank International, with a continued focus on delivering for clients and building on momentum in the region. As part of these changes, Nitin Singh, formerly Head of Private Bank, Asia, has decided to leave Barclays.” In 2025 June, Barclays Private Bank hired HSBC 28-year veteran & Head of Private Bank UAE Farzad Billimoria as Barclays Head of Private Bank UAE. Farzad Billimoria has 30 years of private banking, wealth management & retail banking experience at HSBC & Standard Chartered Bank. Farzad Billimoria joined HSBC from Standard Chartered Bank in 1997, relocating from India to Dubai in 2003 as Deputy Regional Head of NRI Services MENA and appointed as HSBC Head of Private Bank UAE in 2015. In 2025 January, Barclays hired Goldman Sachs Paul Johnson as Head of Equities Asia-Pacific. Paul Johnson has more than 20 years of equities & derivatives experience at Goldman Sachs & Bank of America in London & Hong Kong. In 2024 November, Barclays Private Bank announced to setup a booking centre in Singapore by 2026, providing clients with comprehensive wealth offering & ability to book assets in Singapore. In 2024 July, Barclays Head of Private Bank APAC Nitin Singh was reported to be targeting to increase Assets under Management (AUM) by 4 times in 4 years by 2028, and to increase wealth team headcount in India & Singapore by 3 times. Barclays Group AUM is at $59 billion in 2023. Earlier in 2024 July, Barclays Private Bank hired ex-Citi & UBS executive Hussain Selani as Head of Investments India & Global Indians based in Mumbai (India). In 2024 June, Barclays Private Bank hired 2 Senior Portfolio Managers from Credit Suisse Asset Management, with Ong Shun Wei hired as Head of Discretionary Portfolio (DPM) Singapore and Stephen Zhu as Senior Portfolio Manager.
Barclays Private Bank Hires HSBC 28-Year Veteran & Head of Private Bank UAE Farzad Billimoria as Head of Private Bank UAE, 30 Years of Private Banking, Wealth Management & Retail Banking Experience at HSBC & Standard Chartered Bank
20th June – Barclays Private Bank has hired HSBC 28-year veteran & Head of Private Bank UAE Farzad Billimoria as Barclays Head of Private Bank UAE. Farzad Billimoria has 30 years of private banking, wealth management & retail banking experience at HSBC & Standard Chartered Bank. Farzad Billimoria joined HSBC from Standard Chartered Bank in 1997, relocating from India to Dubai in 2003 as Deputy Regional Head of NRI Services MENA and appointed as HSBC Head of Private Bank UAE in 2015. Barclays (19/6/25): “Barclays today announces the appointment of Farzad Billimoria as Head of Private Bank for the United Arab Emirates (UAE). Farzad will be responsible for leading the Private Bank in the UAE, overseeing the local team and its governance, and driving the growth of the UAE business as a strategic hub for the broader Middle East region and international corridors. Based in Dubai, Farzad will join the bank on 1 July (subject to regulatory approval), reporting to Annabelle Bryde, Barclays’ Head of Private Bank International. Farzad brings 30 years of expertise in financial services, including rich experience across Private Banking, Wealth Management and Retail Banking. Most recently, Farzad served as the Senior Executive Officer and Head of Private Bank for the UAE at HSBC where he drove the bank’s strategy in the region. During his tenure and having lived in the UAE for over two decades, Farzad led a team that established HSBC Private Bank (Suisse) SA offices in the Dubai International Financial Centre (DIFC) Branch and Abu Dhabi Global Market (ADGM). He also launched the first onshore Private Bank booking centre for HSBC in the UAE. Additionally, he managed the growth of the Non-Resident Indians (NRI) business in the region and has handled some of the UAE’s largest ultra-high-net-worth (UHNW) client portfolios and relationships.” In 2025 January, Barclays hired Goldman Sachs Paul Johnson as Head of Equities Asia-Pacific. Paul Johnson has more than 20 years of equities & derivatives experience at Goldman Sachs & Bank of America in London & Hong Kong. In 2024 November, Barclays Private Bank announced to setup a booking centre in Singapore by 2026, providing clients with comprehensive wealth offering & ability to book assets in Singapore. In 2024 July, Barclays Head of Private Bank APAC Nitin Singh was reported to be targeting to increase Assets under Management (AUM) by 4 times in 4 years by 2028, and to increase wealth team headcount in India & Singapore by 3 times. Barclays Group AUM is at $59 billion in 2023. Earlier in 2024 July, Barclays Private Bank hired ex-Citi & UBS executive Hussain Selani as Head of Investments India & Global Indians based in Mumbai (India). In 2024 June, Barclays Private Bank hired 2 Senior Portfolio Managers from Credit Suisse Asset Management, with Ong Shun Wei hired as Head of Discretionary Portfolio (DPM) Singapore and Stephen Zhu as Senior Portfolio Manager.
Annabelle Bryde, Head of Private Bank International, Barclays: “The Middle East presents significant growth opportunities for Barclays with its expanding influence on global markets and increasing wealth generation. We are excited to welcome Farzad, who brings with him a strong blend of leadership and extensive local market experience. His appointment reflects our ambition to further elevate the importance and priority of the region, alongside accelerating our growth plans in the UAE.”
Khaled El Dabag, CEO of Middle East & North Africa, Barclays: “We look forward to welcoming Farzad to the team and leveraging his experience and knowledge to continue to drive growth and deliver exceptional value to our clients.”
Barclays Hires Goldman Sachs Paul Johnson as Head of Equities APAC, More than 20 Years of Equities & Derivatives Experience at Goldman Sachs & Bank of America in London & Hong Kong
20th January 2025 – Barclays has hired Goldman Sachs Paul Johnson as Head of Equities Asia-Pacific. Paul Johnson has more than 20 years of equities & derivatives experience at Goldman Sachs & Bank of America in London & Hong Kong. Barclays (20/1/25): “Barclays announces the appointment of Paul Johnson as Head of Equities, Asia Pacific. In this role, Paul will lead the equities franchise in the region with a focus on Equity Derivatives, Equity-linked Financing, Electronic Trading, and have oversight for Prime. Based in Hong Kong, he will report functionally to Scott McDavid, Global Head of Equities, and regionally to Jaideep Khanna, CEO of Barclays, Asia Pacific & Head of Markets, Asia Pacific. With over two decades of experience in equities and derivatives across global markets, Paul brings a proven track record of delivery to Barclays. Most recently, Paul served as APAC Co-Head of Equity Derivatives and Head of Exotics Equity Derivatives Trading at Goldman Sachs in Hong Kong. Prior to that, he was Head of CEEMEA & Latam FXO Trading at Bank of America, London UK, where he focused on building out new franchises in MENA, and at Goldman Sachs trading CEEMEA FXO for over ten years.” In 2024 November, Barclays Private Bank announced to setup a booking centre in Singapore by 2026, providing clients with comprehensive wealth offering & ability to book assets in Singapore. In 2024 July, Barclays Head of Private Bank APAC Nitin Singh has been reported to be targeting to increase Assets under Management (AUM) by 4 times in 4 years by 2028, and to increase wealth team headcount in India & Singapore by 3 times. Barclays Group AUM is at $59 billion in 2023. Earlier in 2024 July, Barclays Private Bank hired ex-Citi & UBS executive Hussain Selani as Head of Investments India & Global Indians based in Mumbai (India). In 2024 June, Barclays Private Bank hired 2 Senior Portfolio Managers from Credit Suisse Asset Management, with Ong Shun Wei hired as Head of Discretionary Portfolio (DPM) Singapore and Stephen Zhu as Senior Portfolio Manager.
Scott McDavid, Barclays Global Head of Equities: “Paul’s appointment reflects our continued investment in APAC as one of the key regions for our Global Equities franchise. “His focus on driving collaboration and building capabilities will help us unlock new opportunities and further strengthen our presence. We are confident that his leadership will further enhance our ability to deliver exceptional solutions for our clients.”
Jaideep Khanna, CEO of Barclays, Asia Pacific & Head of Markets, Asia Pacific: “We are delighted to welcome Paul to Barclays. His extensive industry expertise and client-first approach will be instrumental in accelerating our growth ambitions across Asia Pacific.”
Barclays – Our vision is to be the UK-centred leader in global finance. We are a diversified bank with comprehensive UK consumer, corporate and wealth and private banking franchises, a leading investment bank and a strong, specialist US consumer bank. Through these five divisions, we are working together for a better financial future for our customers, clients, and communities.
Barclays in Asia Pacific – Barclays has been in Asia Pacific for over 50 years and primarily supports corporations and financial institutions across the Asia Pacific region, catering to their cross-border Investment Bank needs and connecting them to the capital markets of UK, Europe, and the Americas. The bank also has a growing Private Bank business in Asia Pacific, with operations in both India and Singapore. Barclays in Asia Pacific is headed by Jaideep Khanna, who also leads the bank’s Global Markets business in the region. Its regional Investment Banking business is led by Vanessa Koo and Nitin Singh heads its Asia Private Banking business.
Barclays Private Bank to Setup Booking Centre in Singapore by 2026 Providing Clients with Comprehensive Wealth Offering & Ability to Book Assets in Singapore
26th November 2024 – Barclays Private Bank has announced to setup a booking centre in Singapore by 2026, providing clients with comprehensive wealth offering & ability to book assets in Singapore. Barclays (26/11/24): “Barclays announces its plans to establish a new Private Bank booking centre in Singapore. The new booking centre reinforces Barclays Private Bank’s commitment to expanding in Asia as it continues to provide specialist investment, banking, lending and wealth advisory services to its ultra-high-net-worth (UHNW) clients and global family office (GFO) clients. Through the Singapore booking centre, Barclays Private Bank will offer clients a comprehensive wealth management offering, with the ability to book assets locally. It will leverage its partnership with Barclays Investment Bank to deliver an integrated ‘one-bank’ proposition that will provide clients with quasi-institutional investment solutions, including access to more sophisticated financial products and cross-asset class offerings. The new booking centre in Singapore is expected to be operational by 2026, bringing together a team of experienced and dedicated professionals focused on delivering the best of Barclays to its private banking clients.” In 2024 July, Barclays Head of Private Bank APAC Nitin Singh has been reported to be targeting to increase Assets under Management (AUM) by 4 times in 4 years by 2028, and to increase wealth team headcount in India & Singapore by 3 times. Barclays Group AUM is at $59 billion in 2023. Earlier in 2024 July, Barclays Private Bank hired ex-Citi & UBS executive Hussain Selani as Head of Investments India & Global Indians based in Mumbai (India). In 2024 June, Barclays Private Bank hired 2 Senior Portfolio Managers from Credit Suisse Asset Management, with Ong Shun Wei hired as Head of Discretionary Portfolio (DPM) Singapore and Stephen Zhu as Senior Portfolio Manager.
Sasha Wiggins, CEO, Barclays Private Bank & Wealth Management: “Asia Pacific is one of the fastest growing wealth markets, and this strategic investment in Singapore underscores our commitment to expand in the region. Establishing the new booking centre further strengthens our global proposition, allowing us to better serve our clients.”
Nitin Singh, Head of Barclays Private Bank, APAC: “We are focused on meeting the needs of our international clients in the region with enhanced banker coverage and product capabilities. This investment in Singapore, combined with our market-leading UK and Indian franchises, positions us to strategically capture strong global and regional inflows, while enhancing our ability to offer seamless cross-border wealth management solutions.”
Evonne Tan, Head of Barclays Private Bank, Singapore: “Asia is a very important market for Barclays Private Bank, and we have gone through a three-year journey of establishing our presence in Singapore. The announcement today is a testament to our long-term commitment to the region. This centre will not only strengthen our operational capabilities but will also allow us to offer our clients a greater range of wealth management products and services.”
Barclays – Our vision is to be the UK-centred leader in global finance. We are a diversified bank with comprehensive UK consumer, corporate and wealth and private banking franchises, a leading investment bank and a strong, specialist US consumer bank. Through these five divisions, we are working together for a better financial future for our customers, clients, and communities.
Barclays in Asia Pacific – Barclays has been in Asia Pacific for over 50 years and primarily supports corporations and financial institutions across the Asia Pacific region, catering to their cross-border Investment Bank needs and connecting them to the capital markets of UK, Europe, and the Americas. The bank also has a growing Private Bank business in Asia Pacific, with operations in both India and Singapore. Barclays in Asia Pacific is headed by Jaideep Khanna, who also leads the bank’s Global Markets business in the region. Its regional Investment Banking business is led by Vanessa Koo and Nitin Singh heads its Asia Private Banking business.
Barclays Head of Private Bank APAC Nitin Singh to Increase AUM in Asia by 4 Times in 4 Years by 2028 & Increase Wealth Team Headcount in India & Singapore by 3 Times, Barclays Group AUM at $59 Billion in 2023
17th July 2024 – Barclays Head of Private Bank APAC Nitin Singh is targeting to increase Assets under Management (AUM) by 4 times in 4 years by 2028, and to increase wealth team headcount in India & Singapore by 3 times. Barclays Group AUM is at $59 billion in 2023. Earlier in 2024 July, Barclays Private Bank hired ex-Citi & UBS executive Hussain Selani as Head of Investments India & Global Indians based in Mumbai (India). In 2024 June, Barclays Private Bank hired 2 Senior Portfolio Managers from Credit Suisse Asset Management, with Ong Shun Wei hired as Head of Discretionary Portfolio (DPM) Singapore and Stephen Zhu as Senior Portfolio Manager.
Barclays Private Bank Hires ex-Citi & UBS Executive Hussain Selani as Head of Investments India & Global Indians, 21 Years of Financial Industry Experience Including at Citibank, UBS, DBS & Aditya Birla Capital, Founder & CEO of Corp Care Providing Investing & Financing Solutions to Corporates & Family Offices
12th July 2024 – Barclays Private Bank has hired ex-Citi & UBS executive Hussain Selani as Head of Investments India & Global Indians based in Mumbai (India). Hussain Selani has 21 years of financial industry experience including at Citibank, UBS, DBS & Aditya Birla Capital, and is the founder & CEO of Corp Care (Provides investing & financing solutions to corporates & family offices). Hussain Selani reports to Jean-Damien Marie (Barclays Global Head of Investments, Private Bank & Wealth Management), and to Nitin Singh (Head of Private Bank, APAC). Barclays Private Bank (2024 July): “Hussain Selani has joined Barclays as Managing Director, Head of Investments India and Global Indians. Based in Mumbai, Hussain will functionally report to Jean-Damien Marie, Global Head of Investments, Private Bank & Wealth Management and locally to Nitin Singh, Head of Private Bank, Asia Pacific. Hussain joins the bank after a long-standing career as the CEO of CorpCare Ventures Private Limited and was responsible for building an advisory business delivering investment and financing solutions to corporates and family offices. Prior to this, he has held many senior leadership roles across Citibank, UBS and most recently, responsibility for Investment Product & Research at Aditya Birla Finance. Hussain will be responsible for the management and distribution of all investment products and services (incl. Wealth Advisory) across Private Bank and Wealth Management India and Global Indians. In his capacity as Head of Investments for Global Indians, he will be responsible for building and driving the Global Indian investment proposition, along with strengthening the synergies of the Global Indian segment across Barclays platforms and corridors, ensuring a seamless client proposition and delivery.” In 2024 June, Barclays Private Bank hired 2 Senior Portfolio Managers from Credit Suisse Asset Management, with Ong Shun Wei hired as Head of Discretionary Portfolio (DPM) Singapore and Stephen Zhu as Senior Portfolio Manager.
Barclays Private Bank Hires 2 Senior Portfolio Managers from Credit Suisse Asset Management, Ong Shun Wei as Head of Discretionary Portfolio Singapore & Stephen Zhu as Senior Portfolio Manager
28th June 2024 – Barclays Private Bank has hired 2 Senior Portfolio Managers from Credit Suisse Asset Management, with Ong Shun Wei hired as Head of Discretionary Portfolio (DPM) Singapore and Stephen Zhu as Senior Portfolio Manager. Both Ong Shun Wei and Stephen Zhu will be part of the Global DPM team, reporting to Olivier Asselin, Global Co-Head of Investment Management for Barclays Private Bank & Wealth Management. Ong Shun Wei (Head of Discretionary Portfolio Singapore) – Ong Shun Wei joins from Credit Suisse Asset Management (CSAM), where he was a Senior Portfolio Manager for Asian and Emerging Market bonds and Lead Portfolio Manager for Singapore-booked discretionary mandates in the Fixed Income Asia team. He was also Head of Client Portfolio Management, overseeing the overall business development for the team. In his early career, he was a member of the Fixed Income team at Goldman Sachs Asset Management, leading a team of Portfolio Specialists covering Asian, Australian and Global Multi-Sector Fixed Income strategies. Shun Wei graduated with a Bachelor of Business Management degree from Singapore Management University and is a CFA Charter holder. Stephen Zhu (Senior Portfolio Manager) – Stephen Zhu was a Senior Portfolio Manager at Credit Suisse Asset Management (CSAM) Asia Fixed Income team, where he co-managed the Credit Suisse RMB Credit Bond Fund, as well as Asia and Emerging market focused fixed income mandates. Stephen also served as a key member of CSAM’s EM Investment Committee. Prior to that, Stephen was a Senior Credit Analyst at UBS Wealth Management Chief Investment Office, focusing on fundamental research of Asia Investment Grade and High Yield issuers. Stephen graduated with a Bachelor of Business Management from Singapore Management University and is a CFA Charter holder. Earlier in 2024 June, Barclays Private Bank hired JP Morgan 20-year veteran Ren Yi Sng as Senior Private Banker. Ren Yi Sng joins from JP Morgan after more than 20 years, with 19 years at JP Morgan Investment Bank and last held the role of JP Morgan Head of Private Client Advisory Asia (Providing investment banking solutions to family-owned corporates at JP Morgan Private Bank). In 2023, Barclays hired ex-HSBC senior executive Nitin Singh as Head of Private Bank Asia & India (18/9/23), a veteran banker with more than 20 years of experience including at HSBC (16 years), Standard Chartered Bank and as CEO of Avendus (Wealth Management).
Barclays Private Bank Hires JP Morgan 20-Year Veteran Ren Yi Sng as Senior Private Banker, 19 Years at JP Morgan Investment Bank and Last Held Role of JP Morgan Head of Private Client Advisory Asia
4th June 2024 – Barclays Private Bank has hired JP Morgan 20-year veteran Ren Yi Sng as Senior Private Banker. Ren Yi Sng joins from JP Morgan after more than 20 years, with 19 years at JP Morgan Investment Bank and last held the role of JP Morgan Head of Private Client Advisory Asia (Providing investment banking solutions to family-owned corporates at JP Morgan Private Bank). In 2023, Barclays hired ex-HSBC senior executive Nitin Singh as Head of Private Bank Asia & India (18/9/23), a veteran banker with more than 20 years of experience including at HSBC (16 years), Standard Chartered Bank and as CEO of Avendus (Wealth Management).
Barclays Private Bank Hires Ex-HSBC Senior Executive Nitin Singh as Head of Private Bank Asia & India, More than 20 Years of Experience Including at HSBC, Standard Chartered & as CEO of Avendus Wealth Management
6th July 2023 – Barclays has hired ex-HSBC senior executive Nitin Singh as Head of Private Bank Asia & India (18/9/23), a veteran banker with more than 20 years of experience including at HSBC (16 years), Standard Chartered Bank and as CEO of Avendus (Wealth Management) . Nitin Singh will report to Jean-Christophe Gerard (Barclays Private Bank CEO) and Jaideep Khanna (Barclays Asia-Pacific Head). Barclays Private Bank Head of Singapore Evonne Tan will report to Nitin Singh. Barclays CEO of Private Clients India Sandeep Das has also been reported to be leaving Barclays. In 2022, Barclays Private Bank has around $50 billion Assets under Management (Private Banking AUM in UK & Asia).
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