Barclays Private Bank

$23.8bn

India AUM, end-2025 (+7.3% YoY; ranked 10th in India), per Asian Private Banker league table

Adgully (Bloomberg-sourced), corroborated by Outlook Business · Dec 2025

40%

of Forbes' 100 wealthiest Indians are Barclays customers (bank-linked figure)

Trak.in (reporting Bloomberg interview, Jul 2024) · Jul 2024 · self-reported

£3m / £10m

minimum investable assets — India / Singapore

Trak.in (reporting Bloomberg interview, Jul 2024) · Jul 2024

£183bn

global wealth assets (deposits, lending, invested); Asia's share 'in the high teens'

Bloomberg via Yahoo Finance · Jul 2024

£52.9bn

PBWM total AUM FY2025 (from £47.7bn); division income £1.38bn (+5%), pre-tax profit £375m (-2%)

WealthBriefing · Dec 2025

The catalyst: Bloomberg-sourced coverage — Barclays targets India's 'wealthiest 1%'

Syndicated Bloomberg reporting (28 Aug 2026) says Barclays wants to expand its private banking business by targeting the wealthiest 1% of India, aiming for double-digit growth and using its network across London, Dubai, Singapore and Europe. Annabelle Bryde: 'I want to see more investments, growth across all the categories we work in, and increased penetration with India's top promoters.' Adrish Ghosh: 'There are a lot of liquidity events, including IPOs and M&A activity, across businesses. And that trend is going to continue.' Earlier in August, trade press (Moneycontrol headline; EquityPandit, 13 Aug, without named attribution) had reported a ~25% annual India growth target.

Outlook Business (Bloomberg-sourced), 28 Aug 2026 · Adgully (Bloomberg-sourced), 28 Aug 2026 · EquityPandit, 13 Aug 2026 (no named attribution — treat as reported target only)

Nikhil Jha named MD & Head of NRI, Singapore — a dedicated NRI franchise leader

Jha joins from Bank of Singapore (team head managing international client portfolios), with 20+ years in private banking including Deutsche Bank and Kotak Mahindra Bank. He reports to Alex Harrison and joins the PB Singapore management committee. Internal memo: 'Nikhil will lead the continued buildout of our NRI franchise as we continue to grow our Private Bank in Asia-Pacific.'

WealthBriefing, 9 Jul 2026 · WealthBriefing, 9 Jul 2026

Singapore head Evonne Tan exits mid-push, joining Schroders as Asia wealth CEO

Tan — the MD and head of private bank, Singapore who 'led the UK bank's re-entry into the region' — is named Schroders Wealth Management's CEO of Asia Wealth Management, effective 1 July 2026. Singapore country CEO Alexander Harrison takes interim leadership of the private bank there.

WealthBriefing, 2 Apr 2026

Adrish Ghosh made permanent Head of Barclays Private Bank India

Permanent after interim since August 2025; reports to Annabelle Bryde. Ghosh joined Barclays in 2008 (previously IL&FS Group), with 25 years in financial services; Pranav Khanna takes over his distribution responsibilities. Bryde: India is 'a strategically important market for Barclays Private Bank'.

Private Banker International, 13 Mar 2026

LGT Wealth India lifts out seven Barclays Private Bank MDs

LGT Wealth India appoints seven senior professionals from Barclays Private Bank (reported 9 Sep 2025; announced late Aug 2025), including an 'expert on global Indian families' (Anirudh Chowdhry) and bankers focused on India-UK and India-Singapore cross-border corridors — a direct raid on the corridors Barclays is building.

WealthBriefing, 9 Sep 2025

Asia regional-head role abolished; Nitin Singh exits; India and Singapore report straight to London

Under a market-led reorganisation, Barclays removes the Asia regional-head role and Singh departs. Adrish Ghosh (Head of Distribution, PB India) becomes interim Head of Private Bank India; Evonne Tan continues in Singapore; both report to Annabelle Bryde, Head of Private Bank International. The model was piloted in the Middle East in Q2 2025, where ex-HSBC executive Farzad Billimoria was appointed Head of Private Bank UAE.

Global Private Banker, 26 Aug 2025 · Global Private Banker, 26 Aug 2025

Rs 2,300 crore capital injection into India; total invested capital above Rs 12,400 crore

Head-office infusion of Rs 2,300 crore into the India business — following Rs 3,000 crore in 2021 — taking total invested capital to over Rs 12,400 crore, serving corporates, financial sponsors and 'ultra-high-net-worth individuals and family offices'. Jaideep Khanna (country chief executive, India): 'India's economic potential continues to present attractive opportunities for Barclays to grow its business.'

Outlook Business, 18 Mar 2025

Group wealth push: up to 100 adviser hires; India a named growth market; US 'not a priority'

Reuters reports Barclays aims to hire up to 100 more advisers for private banking and wealth management, chasing growth in the UK, Singapore, India and the Middle East, with a division target of annual return on tangible equity above 25% by 2026. CEO Sasha Wiggins rules out acquisitions: 'I have every confidence I can deliver this plan organically.'

Reuters via Investing.com, 10 Dec 2024

Announces Singapore booking centre, 'expected to be operational by 2026'

The offshore infrastructure for NRI money: a Singapore booking centre for ultra-high-net-worth and global family-office clients with the ability to book assets locally, complementing the existing India hub. No public go-live confirmation had been found as of 30 Aug 2026.

WealthBriefing, 26 Nov 2024 · WealthBriefing, 26 Nov 2024 (Sasha Wiggins, CEO PBWM)

Bloomberg: quadruple Asia PB assets by end-2028, triple India + Singapore wealth teams

Nitin Singh tells Bloomberg the bank intends to quadruple private-banking assets in the region by the end of 2028 and triple its wealth team in India and Singapore. Context: ~£183bn in global wealth assets, majority UK, Asia's share 'in the high teens'; client minimums £3m India / £10m Singapore.

FStech (Bloomberg-sourced), 10 Jul 2024 · Bloomberg via Yahoo Finance, Jul 2024

Hussain Selani joins as MD, Head of Investments India and Global Indians — the segment gets its name

Selani (ex-CorpCare CEO; senior roles at Citibank, UBS and Aditya Birla Finance), based in Mumbai, takes responsibility for 'running and distributing all investment products and services (including wealth advisory) across the private bank and wealth arms for the India and global Indians client segments' — confirming 'Global Indians' as Barclays' named diaspora segment. Reports functionally to Jean-Damien Marie and locally to Nitin Singh.

WealthBriefing, 11 Jul 2024

Nitin Singh joins as Head of Private Bank Asia (Mumbai), overseeing India + Singapore

Singh, based in Mumbai, takes a newly shaped Asia leadership role spanning the India and Singapore businesses — the executive who would set the 2024 growth targets.

Global Private Banker, 26 Aug 2025

Singapore private-banking return: Evonne Tan hired from UBS as Head of PB Singapore

Barclays re-establishes its Singapore private-banking presence in 2021, announcing Evonne Tan (ex-UBS Market Team Head for the UHNW Singapore business) as Head of Barclays Private Bank, Singapore on 6 July 2021. Tan goes on to lead the rebuild of the regional footprint sold to Bank of Singapore in 2016.

The Asian Banker (press release), 6 Jul 2021 · IMGlobal Wealth, 13 May 2025

Bank of Singapore completes acquisition for US$227.5m — India onshore retained

Completion 28 Nov 2016: US$13bn of AUM transfers to Bank of Singapore at a price set at 1.75% of AUM transferred — US$227.5m — with more than 60 bankers moving. Barclays keeps its India onshore private bank, a continuity it still markets ('Barclays Private Bank retained its business in India').

Bank of Singapore completion media release (PDF), 28 Nov 2016 · WealthBriefing, 26 Nov 2024

Agrees to sell Singapore + Hong Kong wealth business to Bank of Singapore

Barclays signs the agreement to sell its wealth and investment management business in Singapore and Hong Kong (Barclays WIM Singapore and Hong Kong) to OCBC's Bank of Singapore on 7 April 2016, when the units held about US$17.5bn in AUM.

Bank of Singapore completion media release (PDF), 28 Nov 2016

Retreats from India unsecured retail: StanChart to take ~150,000 credit-card accounts

Standard Chartered Bank India agrees to acquire roughly half of Barclays Bank India's credit-card portfolio — about 150,000 of ~300,000 cardholders. Barclays had earlier 'planned to review its credit card business in India after deciding to focus instead on secured retail assets'. Wealth and corporate banking continue.

American Banker, 6 Dec 2011

Barclays Wealth launches India onshore operations

Barclays opens onshore wealth management in India — the start of an onshore private-banking presence it has never exited. The 2026 Bloomberg-sourced coverage confirms the vintage: 'managed Indian wealth since 2008'. Month per Business Standard's 19 Nov 2008 launch report (page unreachable this session; year independently verified).

Outlook Business (Bloomberg-sourced), 28 Aug 2026 · Business Standard, 19 Nov 2008 (403 this session — month from article dateline)