Sept 26 (Reuters) - Barclays Plc will stop offeringwealth management services in about 130 countries by 2016 andcut jobs in the unit as part of an effort to rein in costs andboost profit, the Financial Times reported on Wednesday, citingthe British bank.
Barclays announced plans in April to restructure its wealthbusiness so it works more closely with retail and corporatebanking divisions. Further details on the wealth strategy hadbeen expected.
The bank appointed Peter Horrell as the wealth andinvestment management unit's chief executive on Monday. Horrellhas held the position on an interim basis since May.