How is Wealth and Investment Management changing?
Barclays is separating the current Wealth and Investment Management business into two distinct businesses::
- Wealth & Investments, which will be part of the UK ring-fenced bank, focusing on financial products and services to UK clients. This business will include our Wealth Management, Private Clients and Smart Investor offerings
- Private Bank & Overseas Services, which will be part of Barclays Bank PLC, offering UK and international clients a broader range of financial products and services
Most clients will continue to have access to the same products and services they have now, and will be able to keep banking the way they’re used to. If you are among the limited number of clients whose products or services will change, we will communicate with you individually to explain how you may be affected.
Clients with accounts in the UK will be part of the ring-fenced bank and its subsidiaries unless we have communicated with you that you qualify to remain a client of Barclays Bank PLC and, where we have asked you to take action to confirm eligibility, you have done so.
Clients with accounts outside the UK (including in Switzerland, Monaco, India, Jersey, Guernsey and Isle of Man) will continue to have access to the same breadth of products and services offered by Barclays Bank PLC and its subsidiaries as they do today and will not be part of the ring-fenced bank.