Barclays Wealth to shed 30 jobs in Singapore, HK

Reuters, 8 Jan 2009, Saeed Azhar and Kevin Lim

SINGAPORE, Jan 8 (Reuters) - Barclays (BARC.L) said on Thursday it will shed 30 jobs in Singapore and Hong Kong as it folds one of its units into its wealth management division.

A spokesman for Barclays Wealth said its "Wealth Intermediaries" unit will be merged with the international private bank as a result of restructuring. The unit provided financial advice on products and services to corporate customers.

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