Why is Barclays growing its Wealth Management business when many other financial services companies aren’t?
Thomas Kalaris made a specific pledge earlier this year: to turn Barclays Wealth into one of the top 5 global wealth management houses within the next 5-10 years. We feel confident in our ability to achieve this for many of the reasons mentioned above – a strong senior management team with a clear idea of what it wants to achieve and how to achieve it, the surety that comes with being part of the Barclays group with its global reach, and in particular our ability to combine with other parts of the bank, for example, Barclays Capital, in order to provide clients with the bespoke solutions that some of our competitors are unable to provide. How do you envisage the Wealth Management industry changing in the next few years? The winners in the next few years will be those firms that adapt quickly to the changed financial environment and grasp what it means for clients. Increasingly clients will require multi-jurisdictional services as they become ever more mobile. We are also likely to see
