The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
500 jobs Number of planned job creations
Announcement Date
20 November 2006
Employment effect (start)
Foreseen end date
30 November 2009
Description
A global financial services firm is to expand its Glasgow operation and create 500 jobs over three years. Barclays Wealth said it is undergoing rapid expansion and is to open its fifth city office in the International Financial Services District. The firm has been based in Glasgow since 1986 and has 1,200 employees.
Frank McGarahan, chief operating officer, said: 'Barclays Wealth has had a strong presence in Glasgow. We are delighted to build on this success.' Mr McGarahan said Glasgow was extremely accessible with a high quality, highly educated workforce. The Scottish Executive provided 4.2 million GBP to fund the expansion.
Deputy First Minister Nicol Stephen said: 'The creation of these new jobs presents hundreds of people with the opportunity to work in a quality customer relations management capacity.'
Sources
20 November 2006: BBC Website
Citation
Eurofound (2006), Barclays Wealth, Business expansion in United Kingdom, factsheet number 64482, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64482.
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