Barclays Bank to launch global unit trust service

Barclays Bank is expected to launch a separately branded global in vestment division, offering unit trusts and stockbroking services.

The bank’s UK unit trust arm and the country’s biggest Pep provider, Barclays Unicorn, is likely to co-ordinate the UK launch.

The new division would replace Unicorn and Barclays Stockbrokers.

A top global investment executive from the US is understood to be briefing worldwide advertising agencies about the new venture.

“This sounds like Barclays is planning to do to international retail banking what Midland did with phone banking when it launched First Direct,” says a source.

In the UK, Barclays investment interests include Barclays Unicorn, which handles unit trusts and PEPs; Barclays Stockbrokers, which deals on the stock exchange on behalf of consumers; and BZW Investment Management, which handles fund management.

The venture will face the complex task of coping with international finance laws if it is to begin operations.

Latest from Marketing Week

Tesco, M&S, Just Eat: 5 things that mattered this week and why

m&s

M&S chief outlines digital-first strategy after profits plummet Marks & Spencer (M&S) is gearing up for a digital-first future, after its revealed on Wednesday (23 May) that profits had dropped a massive 62.1% to £66.8m compared to the previous year. A day earlier, the struggling retailer confirmed it will close more than 100 stores over […]

NOT REGISTERED? IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now

THE BEST CONTENT

Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3703 or email customerservices@marketingweek.com

If you are looking for our Jobs site, please click here