Barclays is reportedly hiring 100 new staff in its private bank, including money-earning relationship managers.
According to Reuters, the hires will also include administrative and risk management staff.
The newswire says Barclays will bolster staff in its private banking teams in London, Dublin, Geneva, Monaco, India, Dubai, Jersey, Guernsey and the Isle of Man.
A spokesman for the bank tells Reuters: “In line with Barclays International’s overall strategy we are positively investing in private bank and overseas services.”
Money Marketing reported in February that Barclays is also exploring that launch of a hybrid advice offering in the UK.