ZURICH, July 6 (Reuters) - Barclays has appointed
Evonne Tan, the head of private banking for UBS in
Singapore, the British bank said on Tuesday, as it seeks to
build upon its corporate and investment banking operations in
Asia-Pacific to grab more business with the rich.
Barclays has been expanding its private banking business in
Europe, taking advantage of its investment bank's ties to
wealthy entrepreneurs, family offices and businesses.
With the appointment of Tan, Barclays is hoping to pursue a
similar strategy of providing the ultra-rich with bespoke
investment services and sophisticated products in Singapore, it
said in a statement.
"By further strengthening our presence here, we see this
appointment as a great opportunity for us to serve (ultra high
net worth individuals) and family offices, connecting them to
our expertise and capabilities in one of the fastest growing
wealth management locations globally," Jean-Christophe Gerard,
head of Barclays Private Bank, said in the statement.
Tan will join the British lender from the world's largest
wealth manager UBS, where she ran business for ultra high net
worth individuals in Singapore.
(Reporting by Brenna Hughes Neghaiwi; editing by Jason Neely)