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Barclays Wealth sets up booking centre in Hong Kong


Barclays Wealth has set up a booking centre in Hong Kong.

This second booking centre in Asia offers the same range of products and services currently offered out of Singapore.

Barclays Wealth has an office in Hong Kong, serving clients in the Greater China region, but their assets have typically been booked in Singapore.

This latest development will allow Barclays Wealth to offer a full range of services to clients who prefer to retain their assets in Hong Kong. It will also benefit clients who wish to participate in Hong Kong’s Capital Investment Entrant Scheme through facilitating entry for residence in Hong Kong with a minimum capital investment of HKD10m in assets.

Joanna Chu, head of North Asia, Barclays Wealth, says: "This is an important milestone for us in Hong Kong, and a key enabler for capturing growth in one of the world’s fastest growing and most attractive wealth markets – Greater China. At the same time, our North Asian clients now have the additional option of having their assets managed in a location closer to them, and they can also look forward to enhanced offerings next year, as we expect to roll out Renminbi products and fiduciary deposits."

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