Barclays private banking arm Barclays Wealth is aiming to double the amount of assets in the region in the next three years, and would consider acquisitions to bulk up, Robert Morrice, chairman and chief executive of Barclays in Asia Pacific, said at the Reuters Japan Investment Summit.
Barclays Wealth should have over US$10 billion in assets under management in Asia-Pacific excluding Japan by the end of the year, and Morrice said he wants to reach US$20 billion by 2012.