Barclays appoints UBS executive as COO for Asia private banking arm

Core Insights - Barclays has appointed Werner Schlossmacher as the Chief Operating Officer for its Private Bank operations in Asia, based in Singapore [1] - Schlossmacher brings over 30 years of wealth management experience, having worked in Singapore, Hong Kong, and Switzerland [1][2] - His previous role at UBS involved leading digital transformation projects for wealth management, focusing on mobile and electronic banking platforms and generative AI tools [2] Responsibilities and Goals - In his new role, Schlossmacher will oversee operational activities for Barclays Private Bank in Asia, including the development of digital initiatives and operational frameworks [2][3] - He will also prepare for the launch of the bank's upcoming booking center in Singapore [3] - Leo Müller, COO for Barclays Private Bank & Wealth Management, emphasized Schlossmacher's exceptional operational skills and experience in scaling business in Asia [3][4] Background and Experience - Schlossmacher has held senior positions at Credit Suisse for nearly two decades, focusing on digital platforms and wealth management in the Asia-Pacific region [2] - His expertise in digital transformation and platform design is expected to enhance the operating environment for clients and advisors at Barclays [4] - This appointment follows a leadership change at Barclays in Japan, indicating a strategic focus on strengthening leadership in key markets [4]