Barclays aims to crack Asia

The bank is building up its Singapore office to add to its Asian base, as it aims to attract customers outside Japan. The move follows the appointment by BarCap of Steven Weller as head of FX Asia in March (FX Week, March 29) from Lehman Brothers in London to establish the office in Singapore.

Weller told FX Week BarCap is seeking to offer comprehensive coverage to clients for foreign exchange in Asia, saying the move is consistent with the bank's objective to be a top-tier global FX house.