The wealth management company said it will now offer clients a range of RMB investment products including RMB deposits, RMB deliverable spots and forwards, foreign exchange swaps, inward and outward remittances as well as bonds.
In addition, through Barclays Capital, Barclays Wealth said it can also cater to the more sophisticated business needs of entrepreneurs in Asia with services including capital-raising activities, access to specialists and advisors, as well as institutional trading platforms.
Bryan Henning, head of global research and investments, Asia, Barclays Wealth, said: “We have seen an increasing demand for RMB services, among our ultra high and high net worth clients, who are keen to participate in the China growth story. We are pleased to be able to offer a broader range of services in addressing increased investor appetite and the ever-evolving wealth management needs of our clients.”
Barclays said that, under the leadership of Barclays Wealth Asia Pacific chief executive Didier von Daeniken, it has been “aggressively expanding its footprint in the region”. Examples of this include the establishment of a booking centre in Hong Kong in November last year, a joint private banking venture in Japan with Sumitomo Mitsui Banking Corporation and Nikko Cordial Securities Inc. and the incorporation of a Singapore Trust Company in June 2010.
