Barclays Wealth expands in China

Barclays Wealth, the global wealth management division of Barclays, has appointed Januar Tjandra as head of Greater China, based in Hong Kong, effective December 5.

In this newly created role, Tjandra will assume overall responsibility for the Greater China coverage teams in Hong Kong. He will be charged with expanding Barclays Wealth’s high-net-worth client base, while at the same time focusing on ultra-high-net-worth clients. Based in Hong Kong, he will report to Pakorn Boonya-kurkul, head of North Asia.

Tjandra joins Barclays Wealth from Goldman Sachs, where he has spent 15 years in various roles, including co-head of the Hong Kong office and head of the Taiwan desk. Most recently, he was focused on relationships with Taiwanese clients and was responsible for their complex wealth management needs.

Boonya-kurkul said in a press release: “Januar brings with him a great depth of experience and expertise in managing high-net-worth and ultra-high-net-worth client relationships that require complex private and business wealth management solutions.”

Earlier this month, Barclays Wealth reported that it has seen interest in its private investment banking services increase four-fold among its Greater China clients, especially with the rapid rate of wealth creation across the region. The company is aiming to more than double its assets under management in the sub-region during the next three years.