The new unit would be led by Simon Morris who has been with Barclays Wealth Advisory for seven years.
Morris will be working with the existing team of private bankers based in Monaco and will draw on the strength of the Barclays Group to provide the necessary wealth solutions for clients.
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Commenting on the launch, Barclays Wealth’s head of Wealth Advisory Rob Withecombe, said, "Barclays Wealth Advisory leads with advice on complex wealth management needs such as estate planning and asset protection, drawing on our expertise to bring the global capability of Barclays to bear for entrepreneurs, their businesses, successful private individuals and their families, wherever they are in the world."
"Monaco is an important location for Wealth Advisory and we are excited about the opportunity to bring the full range of Wealth Advisory solutions to local clients," he added.
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