UK-based Barclays announced plans to set up a private banking booking centre in Singapore, aiming to make it operational by 2026. The bank will assemble a team of experienced professionals to serve private banking clients in the city-state. Barclays views Asia Pacific as one of the fastest-growing wealth markets and sees this strategic investment as a commitment to expand in the region. The new booking centre is expected to strengthen the bank's global proposition and enhance its ability to serve clients. After selling its Hong Kong and Singapore wealth business to OCBC in 2016, Barclays re-entered private banking in Singapore in 2021. The move positions the bank to capture strong global and regional inflows while enhancing cross-border wealth management solutions.