Barclays in private banking push

LONDON: Barclays will hire 100 new staff in its private bank as it launches its second attempt in the last seven years to win more business from wealthy clients, a source with direct knowledge of the plans told Reuters.

The hires would be a mixture of relationship managers – the money-earners in private banking who attract and serve customers – and the administrative and risk management staff necessary to support them, the source said.