Following the launch of a new office in Southampton earlier this month, Barclays Wealth and Investment Management has opened a new office in St Albans.

Following the launch of a new office in Southampton earlier this month, Barclays Wealth and Investment Management has opened a new office in St Albans.

As part of its regional expansion, private bankers and wealth advisors will join the corporate banking relationship directors already based at the location, Barclays said in a statement.

Barclays said the new office was in response to increased demand from clients in the area.

“We will utilise our skills, local knowledge and experience, combined with the depth and breadth of offering of the broader Barclays organisation to advise our clients across a wide range of circumstances: from entrepreneurs looking to take the next step with their business or families seeking support on inheritance and succession planning," said Robin Reynolds, regional director for Barclays Wealth and Investment Management in Hertfordshire.

The move comes after Barclays opened a new office in Southampton at the beginning of the month, adding to its presence in the UK south coast region of Hampshire.

Barclays’ wealth and corporate banking teams currently work together in offices throughout the UK in order to support local business owners, entrepreneurs and high net worth individuals.

In related news, the wealth and investment arm of Barclays, logged adjusted income in 2013 of £1.839 billion ($3.01 billion), up one per cent from 2012. Despite reaching total client assets of £204.8 billion, the unit’s pre-tax profits were hit by the costs of a transform programme to boost long-term performance. Read more on that story, here.