Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at

What next for Barclays’ wealth business post-CEO exit?

by Danielle Levy on Jul 07, 2014 at 10:14

Overall, he expects to see further scaling back in the UK wealth market and some potential sales of parts of the international business. ‘You can see part of the UK business pushed into UK retail banking and parts of it up for sale. They could move into the exit squad.’

A spokeswoman for the bank said W&I’s strategy remained unchanged despite Horrell’s impending departure.

She added there are no plans to up the £500,000 threshold, saying: ‘Wealth & Investment Management continues to be a key area of growth within Barclays, and the number of initiatives and activities in the pipeline demonstrates the ongoing investment into the business to support its growth plans.

‘The integration of the business means that we can accelerate and further enhance the offering to high net worth clients,’ she added, citing the planned launch of a direct-to-consumer offering Wealth Direct as an example.  

Sign in / register to view full article on one page

1 comment so far. Why not have your say?


Jul 07, 2014 at 17:19

I'm a Barclays Wealth Client - or was . Heaven knows what I am just now but I've nearly had it up to here and am still awaiting the identity of my personal banker and for him or her to contact me . I have my grave doubts that I and my family will stick it much longer .

report this

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home

As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Sponsored Video: Barings on investing in Frontier Markets

From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.

More about this:

Look up the shares

  • Barclays PLC (BARC.L)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

More from us


On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet