Business expansion
United Kingdom
Scotland; South Western Scotland; Glasgow City
Location of affected unit(s)
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
Job creation
Announcement Date
20 November 2006
Employment effect (start)
Foreseen end date
30 November 2009


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.'


  • 20 November 2006: BBC Website


Eurofound (2006), Barclays Wealth, Business expansion in United Kingdom, factsheet number 64482, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64482.