Barclays Wealth, the UK’s leading Wealth Manager, is to create 500 jobs in Glasgow over the next three years. Barclays Wealth is undergoing a period of rapid expansion and the roles will be largely focused on building a solid infrastructure operation to support the business as it grows.
Barclays Wealth, which is already based in four sites in Glasgow, has secured four floors in the city’s prestigious Aurora building to house its expanding workforce. Barclays Wealth is a top ten employer in Glasgow, and already employs 1,200 staff in the city and first entered Glasgow with the launch of Barclays Stockbrokers in 1986. This combined with Glasgow’s growing reputation as an important European financial services centre, makes the city a natural place to create an infrastructure hub for the business’s growing operations. Barclays Wealth has pledged to invest 125m each year globally over the next three years into people and infrastructure on a pay as you go basis as the company strives to meet its ambitions as Europe’s premier Wealth Manager.
“Barclays Wealth has ambitious growth plans and we need to build on our existing infrastructure capability to meet the demands of our growing client base and increased global presence,” says Frank McGarahan, the Chief Operating Officer at Barclays Wealth. “We aim to add 500 roles within the next three years which we believe will be critical in enabling us to deliver a first class service to our clients. Barclays Wealth has had a strong presence as an employer in Glasgow for over twenty years and we are delighted to be building on this success and demonstrating our commitment through our expansion in the City. We are grateful to the Scottish Executive and SDI for their unstinting support and look forward to a long and successful relationship with them going forward.”
“I am delighted to welcome Barclays Wealth’s latest project to Scotland which will help to create 500 new jobs,” adds Nicol Stephen , the Deputy First Minister. “I am also pleased that the Scottish Executive has helped this expansion come to Glasgow with a Regional Selective Assistance (RSA) grant of 4.2m. The creation of these new jobs presents hundreds of people with the opportunity to work in quality jobs and allows Barclays Wealth to take advantage of the area’s skilled workforce.”