Barclays adds 800 back office jobs at wealth management unit

Barclays adds 800 back office jobs at wealth management unit

Barclays Wealth says it is creating 800 back office jobs in response to increasing demand for its services and to support its expansion into new markets.

In a statement Barclays Wealth - the wealth management arm of the UK banking group - says the majority of the new roles will be located at its global service support hubs in Glasgow, London, Geneva and Singapore.

Barclays Wealth says it needs to recruit the staff and develop its infrastructure platform to meet a growing demand caused by the explosion of wealth around the world.

The roles available include programme and project managers and investment operation specialists. It is also looking for professionals in core areas such as risk management, compliance, marketing, finance and human resources.

"We are strongly in the market right now, at a time when others are thinking about their model and future direction," says Phil Smith, global head of human resources, Barclays Wealth.

The 800 new jobs will be in addition to the 1700 people recruited globally by Barclays Wealth since the start of 2006. Last year the unit announced plans to create 500 jobs over three years at its Glasgow hub.

However, it was recently revealed that an operations centre in Peterborough is to be closed, with some of the positions moving to Glasgow and some being outsourced to the Bank of New York Mellon.

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