Barclays Wealth will continue an aggressive expansion plan next year under global chief executive Tom Kalaris, who has $500m to make the business a top-10 global participant over the next five years.

Mitch Cox, head of Barclays Wealth for the Americas, said earlier this month that the bank will "accelerate our pace in 2011 and 2012 and we intend to be an important factor in the marketplace".