Barclays Private Bank Singapore Head Evonne Tan Joins $192 Billion Schroders Wealth Management as CEO Asia Wealth Management (1/7/26) Based in Singapore, 33 Years Private Banking & Financial Industry Experience Including at Barclays, UBS, Morgan Stanley, Merrill Lynch, Deutsche Bank & Union Bank of Switzerland (Now UBS), United States $1.4 Trillion Investment Manager Nuveen Announced to Buy UK $1.1 Trillion Schroders for $13.5 Billion in 2026 February
2nd April 2026 | Hong Kong
Barclays Private Bank Singapore Head Evonne Tan is joining Schroders Wealth Management ($192 billion AUM) as CEO Asia Wealth Management (1/7/26), based in Singapore. Evonne Tan has 33 years of private banking & financial industry experience including at Barclays, UBS, Morgan Stanley, Merrill Lynch, Deutsche Bank & Union Bank of Switzerland (Now UBS). Schroders Wealth Management (Include Cazenove Capital & Benchmark Capital) manages £145 billion of assets on behalf of its clients globally as at 31 December 2025. Announcement (2/4/26): “Schroders Wealth Management today announces the appointment of Evonne Tan as Chief Executive Officer, Asia Wealth Management, based in Singapore, marking a significant step in accelerating the firm’s global growth strategy in one of the world’s most dynamic and fastest-growing wealth regions. Evonne will lead Schroders Wealth Management’s Asia business, with responsibility for driving strategic growth, deepening client relationships, and further building a high-performing, scalable platform across the region. Schroders has a long-standing presence in Asia spanning over five decades, with Singapore at the heart of its regional operations. The firm recently celebrated 50 years in Singapore, reflecting the depth of its client relationships, local expertise, and sustained commitment to the region’s development. Singapore continues to serve as a key regional hub, providing a gateway to international clients and acting as a centre for wealth structuring, investment, and advisory services across Asia. Asia represents a critical growth market for Schroders Wealth Management. The region is experiencing sustained expansion in high-net-worth and ultra-high-net-worth wealth, alongside increasing demand for personalised, cross-border advice and access to global investment opportunities. Schroders is well positioned to capture this growth by combining its global investment capabilities with deep local knowledge and long-term client relationships. Evonne brings more than three decades of experience across wealth management, private banking, and global markets in Asia, with a strong track record of delivering sustainable growth and building client-centric businesses serving UHNW clients and family offices. Most recently, Evonne was Managing Director and Head of Private Bank, Singapore at Barclays, where she led the successful re-entry and expansion of the Private Bank in the region. Under her leadership, the business grew from inception to become one of the fastest-growing private banking franchises within the group. She also played a key role in strengthening cross-divisional collaboration and embedding robust governance, risk management, and regulatory standards. Prior to Barclays, Evonne held senior roles at UBS, where she was Executive Director and Market Team Head for UHNW clients in Singapore, overseeing multi-billion-dollar client portfolios and delivering consistent revenue and asset growth. Earlier in her career, she held roles at Morgan Stanley, Merrill Lynch and Deutsche Bank, building deep expertise across wealth management and global markets. Evonne holds a Master of Science in Wealth Management from the University of Rochester and a Master’s Degree in Advanced Studies in Finance from the University of Bern. She is a strong advocate for sustainable and impact-led investing, diversity and inclusion, and multi-generational wealth planning. Evonne will join Schroders Wealth Management on 1 July 2026 and will become a member of the Wealth Management Executive Committee, playing a key role in delivering the firm’s global growth ambitions. This appointment strengthens our global leadership team, which brings together exceptional talent with world-class external expertise across banking, marketing, finance, operations, and international markets. Together, they are aligned to scale globally, simplify operations, and modernise the business to deliver exceptional outcomes for clients across generations. As the industry transforms, and client expectations evolve, we are retooling our platform, proposition and people to stay ahead. Guided by our unifying values of excellence, innovation, teamwork, passion, and integrity, we are focused on more than wealth management – we are committed to forging lasting partnerships that empower clients and give them the freedom to focus on what matters most to them. This appointment is subject to regulatory approval.” In 2026 February, United States TIAA investment manager Nuveen ($1.4 trillion AUM) announced to buy UK asset manager Schroders ($1.1 trillion AUM) for $13.5 billion (£9.9 billion) to create $2.5 trillion global leader in public-to-private investment management. Schroders will operate as standalone business for at least 12 months post-transaction. Schroders family will receive $5.5 billion payout (41% schroders shares) from the share sale. Teachers Insurance and Annuity Association of America (TIAA) is the parent of Nuveen.
“ Barclays Private Bank Singapore Head Evonne Tan Joins $192 Billion Schroders Wealth Management as CEO Asia Wealth Management (1/7/26) Based in Singapore, 33 Years Private Banking & Financial Industry Experience Including at Barclays, UBS, Morgan Stanley, Merrill Lynch, Deutsche Bank & Union Bank of Switzerland (Now UBS), United States $1.4 Trillion Investment Manager Nuveen Announced to Buy UK $1.1 Trillion Schroders for $13.5 Billion in 2026 February “
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Oliver Gregson, CEO, Wealth Management: ”This appointment reflects both our ambition and our intent. We are building the Wealth Management business of the future – one that is modern, global, collaborative and truly client-led. To succeed, we need exceptional leadership that combines deep market expertise with the operational rigour and innovation required to scale. Evonne is an exceptional leader with a proven track record of building and scaling successful wealth businesses in Asia. Her deep regional expertise, strong client focus and ability to lead high-performing teams make her ideally placed to take our Asia business into its next phase of growth. Asia is central to our global ambition. With rapid wealth creation, increasing cross-border flows, and rising demand for sophisticated, advice-led solutions, the opportunity is significant. We are committed to investing in the region – strengthening our platform, enhancing our client proposition, and building a leading wealth management franchise. Evonne’s appointment is a key milestone in delivering that ambition.”
Evonne Tan: ”I am delighted to be joining Schroders Wealth Management at such an exciting point in its journey. The business combines a strong heritage, a distinctive culture, and a clear commitment to delivering long-term value for clients. Asia presents a compelling opportunity, and I look forward to working with colleagues across the region and the wider Group to deepen client relationships, enhance our offering, and build a leading wealth management business in Asia.”
Barclays Private Bank Singapore Head Evonne Tan Joins $192 Billion Schroders Wealth Management as CEO Asia Wealth Management (1/7/26) Based in Singapore, 33 Years Private Banking & Financial Industry Experience Including at Barclays, UBS, Morgan Stanley, Merrill Lynch, Deutsche Bank & Union Bank of Switzerland (Now UBS), United States $1.4 Trillion Investment Manager Nuveen Announced to Buy UK $1.1 Trillion Schroders for $13.5 Billion in 2026 February
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