By the end of 2028, Barclays aims to quadruple its private banking assets in the region as the company plans to expand its wealth team threefold in India and Singapore to reach the goal, Nitin Singh, head of the bank’s wealth business for the region said.

“We have significant growth ambitions for the business and a large amount of growth we are seeing happen globally is happening in Asia,” Nitin Singh said.

Currently, the lender manages about 183 billion pounds ($234 billion) in customer deposits, lending and invested assets across its wealth businesses. Majority of these stem from the UK while Asia’s share is in the high teens, Nitin Singh told Bloomberg.