SINGAPORE – Barclays Plc dismissed a Singapore-based private banker and is helping authorities investigate potential wrongdoing affecting clients' assets.
The banker was fired on Feb 6 and the company is working with the white-collar crime investigation agency of the Singapore police force to probe the matter, according to Eugenia Koh, a Singapore-based spokeswoman for Barclays.
The city’s Business Times reported today that the bank dismissed Jagdish Kale, who handled accounts of non-resident Indian customers, for alleged misuse of client money. He was hired from UBS AG in 2010. Kale declined to comment immediately when contacted on his mobile phone.
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