Barclays Wealth names Saudi head

Gilbert said the appointment reflects the "mounting focus" on Saudi Arabia, which is one of the region's most appealing private banking hotspots.


British asset managers hit by client withdrawals

British asset managers suffered a wave of withdrawals in the final three months of last year, as clients fretting about a deepening euro zone crisis and choppy financial markets trimmed exposure to investment funds.


Close Brothers reports asset management loss

Tough times are continuing at the Securities division of merchant banking group Close Brothers, but the Banking division continues to do well, with good growth in the loan book.


Barclays Wealth boosts Cardiff operations

Mr Rowsell – who has 28 years’ experience in private banking – joins Barclays Wealth from Coutts & Co, where he was instrumental in helping to establish and develop its regional business in South Wales over the past 13 years.