Barclays

Barclays Wealth announces the hire of Januar Tjandra

Barclays Wealth, the global wealth management division of Barclays PLC, has appointed Mr. Januar Tjandra as Head of Greater China, based in Hong Kong, effective 5 December 2011, in a further demonstration of its success in attracting senior private banking talent.

In this newly-created role, Mr. Tjandra will assume overall responsibility for the Greater China coverage teams in Hong Kong. He will continue to expand Barclays Wealth's high net worth client base, while at the same time focus on ultra high net worth clients. He will work closely with clients in this segment, helping them better understand their financial personalities and catering to their complex needs with the range of bespoke solutions offered by Barclays Wealth in credit, derivatives, foreign exchange, portfolio management and trust structuring. He will partner with them in leveraging the capabilities of Barclays Capital - the investment banking division of Barclays PLC - to deliver client-focused solutions in capital raising, M&A and strategic risk management. Based in Hong Kong, he reports to Mr. Pakorn Boonya-kurkul, Head of North Asia.

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

Mr. Boonya-kurkul commented, "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. I am confident that he will be able to deliver the full value of the firm, including leveraging the investment banking capabilities of the Barclays Group, as we further expand the Greater China business."

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 will continue to focus on Greater China as part of its overall key Asia Pacific markets strategy in 2012, as it seeks to more than double its assets under management in the sub-region in the next three years.

For further information contact:

Gan Lee Meng, Barclays Wealth, Corporate Communications
+65 6308 3772

Eugenia Koh, Barclays Wealth, Corporate Communications
+65 6308 2951