Barclays to build up Singapore private banking business in Asia push

LONDON (BLOOMBERG) - Barclays plans to make key hires in investment banking and wealth management across Asia next year as the British lender plots its return to some of the world's fastest-growing economies after a 2016 restructuring. The bank - which is benefiting from a boom in deals and trading along with its Wall Street rivals - is seeking to rebuild in some of the markets it exited, and is targeting China, India, Singapore and Australia to expand, according to Mr Jaideep Khanna, head of Barclays Asia-Pacific and India chief executive. He said Barclays plans to build up its private banking business in Singapore, and investment banking in Australia by hiring locally. The bank has a stake in Australian advisory firm Barrenjoey Capital Partners, which hired a number of prominent dealmakers last year from banks including UBS and JPMorgan Chase & Co. It is also hiring in Japan and Hong Kong. "We are profitable in the region and I fully expect it to continue in 2022," Mr Khanna, 56, said in an interview. "Our focus is going to be consistent - try and stick to the areas where we are strong. There are enough areas for us to drive returns today and that's what we are focused on." Barcl...

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80 Acres Farms Raises Funding Round Led by Barclays to Accelerate Growth in Automated Vertical Farming Technology

Hamilton, Ohio, Nov 2, 2020 - (ACN Newswire) - 80 Acres Farms, the sustainable solution for fresh, pesticide-free food, announced that it added Barclays as a strategic investor in the business, joining Virgo Investments, Orange Wings Capital, QuietStar Capital, and other family office investors.80 Acres Farms'. Fully-Automated vertical farm located in Hamilton, OH80 Acres Farms is a 2019 fellow from the Unreasonable Impact Americas program and award winner recognized for their work addressing the global pandemic's effects. 80 Acres Farms addresses both sustainability and food security through growing food differently with vertical farming technology and reducing water usage by 97% on less than 1% of the land, with 300x the yield.Mike Zelkind, CEO of 80 Acres Farms, said: "There has been an explosion in demand for fresh, locally grown, nutritious food, and this investment round enables us to continue to meet that demand at the right unit economics. We look forward to developing our relationship with Barclays and their global network through our shared passion for enhancing sustainability in this industry."Andrew Challis, Co-Head of Principal Investments at Barclays, said: "80 Acres ...